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Latest Oils & Fats International News

Renewable diesel complex to be built in Paraguay

about 9 hours ago

Paraguay President Mario Abdo Benítez has signed an agreement for the construction of a renewable diesel plant that will be producing fuel from soyabean oil extracted with renewable hexane, animal fats and used cooking oil.

EC delegated act classifies palm oil as unsustainable but leaves ‘loopholes’

about 14 hours ago

On 13 March, the European Commission (EC) adopted a draft delegated act specifying the sustainability criteria for biofuels and classifying palm oil as unsustainable.

US jury rules Roundup weedkiller a substantial factor in causing a man’s cancer

March 20, 2019

A US jury has found that Bayer’s widely-used glyphosate weedkiller was a “substantial factor” in causing a man’s cancer, BBC News reported today.

EPA releases proposal on higher E15 rule

March 20, 2019

The US Environment Protection Agency (EPA) released its proposed rule to allow the year-round sale of E15 blended ethanol on 12 March.

Italy’s olive harvest falls by 57%

March 19, 2019

Italy has experienced a 57% plunge in its olive harvest – the worst in 25 years – as a result of extreme weather events, reports The Guardian newspaper.

Wilmar takes sole control of Australasia food manufacturer Goodman Fielder

March 18, 2019

Singapore-based palm oil giant Wilmar International will become the sole owner of Australasia food manufacturer Goodman Fielder in a deal announced on 11 March.

Chinese firms to buy 1.62M tonnes of palm oil

March 15, 2019

Three Chinese firms signed deals with four Malaysian companies to import 1.62M tonnes of palm oil products worth US$891M following the Malaysia-China Palm Oil Business Forum at the start of March, the Ministry of Primary Industries reported on 4 March.

Tough operating environment impacts Wilmar’s results

March 14, 2019

Leading Asian agribusiness giant Wilmar International has reported a 5.7% fall in net profit for the 2018 fiscal year, ending 31 December 2018, to US$1.128bn 2018, impacted by a tough operating environment.

Australia’s GrainCorp sells bulk liquid terminal business

March 14, 2019

Australia’s largest edible oil business, GrainCorp, Ltd has agreed to sell its bulk liquid terminals business to ANZ Terminals Pty Ltd for approximately A$350M (US$246M).

China to buy 10M tonnes of US soyabeans

March 13, 2019

China has committed to buying 10M tonnes of US soyabeans, according to a 22 February tweet by US Secretary of Agriculture Sonny Perdue.

Canadian cannabis firm Tilray buys world’s largest hemp-based food producer

March 12, 2019

Canadian cannabis company Tilray Inc completed its US$318M acquisition of Manitoba Harvest, the world’s largest provider of hemp-based foods, on 28 February.