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Latest Oils & Fats International News

Monsanto’s patent battle in India referred to High Court

about 14 hours ago

Monsanto’s ongoing battle in India to uphold its patent on GM cottonseed has been referred to the Single Judge Bench of the High Court, who will rule on patentability after hearing expert evidence.

France increases biofuel mandates

January 15, 2019

France’s decision to increase biofuel blending in regular motor vehicle fuel from 7.5% to 7.9% in 2019 and 8.2% in 2020 has been welcomed by French liquid chemicals firm Global Bioenergies.

Cargill reports losses of 20% in second quarter

January 14, 2019

Global agribusiness giant Cargill reported a 20% fall in net earnings in its 2019 second quarter with oilseeds its only business sector to enjoy a strong result.

Bayer shares rise after judge’s decision in upcoming cancer trials over weedkiller

January 11, 2019

German chemical company Bayer AG’s shares rose more than 6% on 4 January after a US district court judge agreed to its request to split evidence presented in upcoming bellwether trials over whether glyphosate weedkiller causes cancer.

COFCO joins initiative to develop automated oilseed trade execution

January 10, 2019

China’s COFCO International is partnering with Archer Daniels Midland Company (ADM), Bunge, Cargill and Louis Dreyfus Company (LDC) to standardise data and digitise global agricultural shipping transactions.

China approves five GM crops for import

January 10, 2019

China has approved five genetically modified (GM) crops for import after its first face-to-face talks with the USA on 7 January since the two countries agreed a 90-day truce in their trade war, reports Reuters.

Norway’s plan to ban palm-based biofuel “unfair and unjust”

January 09, 2019

Norway’s recent plans to ban biofuels containing palm oil from 2020 will provide a major hurdle for trade talks between the European Free Trade Association (EFTA) and Malaysia, a government minister said on 28 December.

USDA releases plans for labelling on GMO products

January 09, 2019

The US Department of Agriculture (USDA) issued rules on 20 December for the labelling of genetically engineered foods to ensure they are appropriately disclosed, Reuters reports.

Richardson International to acquire Conagra’s Wesson oils business

January 08, 2019

Canadian agribusiness firm Richardson International announced on 18 December that it had agreed to buy Wesson, Conagra’s US retail brand of canola and vegetable cooking oils.

EU Commission commits to the development of plant proteins

January 07, 2019

A European Commission (EC) report on plant proteins has proposed several strategies to develop production in an economically and environmentally sound way, World Grain reports.

Panama Canal signs deal with Port of Itaqui

January 04, 2019

The Panama Canal Authority (PCA) has signed an agreement with Brazil’s Port of Itaqui to promote the shipment of grains and other cargo through the canal, World Grain reports.