Latest Oils & Fats International News

China has announced US$60bn worth of tariffs on various US goods, including cocoa oil and confectionery, that it intends to implement as retaliation after the USA imposed 25% tariffs on US$200bn of Chinese products.

After limiting production earlier in the year, French biodiesel producer Avril has returned to running its plants at full capacity due to high petroleum oil prices and increasing demand.

Malaysia is exploring new markets for palm oil through “good connections” with several nations as environmental concerns are threatening to close off its traditional markets.

UK biodiesel firm Greenergy is purchasing its third biodiesel plant through an agreement reached with tank terminal operator Oiltanking on the latter’s idle manufacturing facility in Amsterdam.

The summer heatwave in Europe is threatening the region’s rapeseed crops and is expected to lead to a significantly smaller harvest than previously forecast and higher rapeseed prices.

UK-based biodiesel producer Argent Energy Group, a subsidiary John Swire & Sons, is set to acquire Dutch Simadan Group’s biodiesel production, tank storage and cleaning facilities in Amsterdam.

The EU Commission (EC) has implemented two measures aimed at helping farmers struggling with the ongoing drought conditions in Europe, caused by the prolonged summer heatwave that has scorched the continent.

Global commodity trade Glencore is looking to nearly double its grain export capacity at the Russian Port of Taman by purchasing the terminal usage rights of Ukraine’s Kernel Holding.

US biotech firm Monsanto has been ordered to pay US$289M in damages after a jury found the company liable for a terminally ill man’s cancer, allegedly stemming from Monsanto’s glyphosate-based Roundup herbicide.

Anglo-Dutch consumer goods juggernaut Unilever reported good all-around performance of its businesses despite some challenging market conditions.

Following the EU’s decision to consider genome edited (GE) crops as genetically modified organisms (GMOs), the US Department of Agriculture (USDA) is intending to ramp up its efforts to work with global partners towards science-based regulatory approaches.