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Latest Oils & Fats International News

ZSL report finds palm oil deforestation pledges lack monitoring

December 06, 2018

The Zoological Society of London (ZSL) has found that most palm oil companies which have made deforestation pledges lack on-the-ground monitoring to measure their effectiveness.

Rabobank says Indonesia should build soya crushing facilities

December 05, 2018

Dutch finance company Rabobank says there is potential for Indonesia, Southeast Asia’s second largest soya meal consumer, to enter the soya crushing industry.

Coconut oil could replace DEET in insect repellent

December 04, 2018

A US Department of Agriculture (USDA) study has revealed that compounds derived from coconut oil are better at repelling blood sucking insects than diethyltoluamide (DEET), the most common ingredient in most insect repellents.

USA and China’s truce boosts soyabean prices

December 03, 2018

China and the USA have struck a 90-day temporary truce in their trade war and agreed not to impose additional tariffs on each other’s goods that were due to take effect on 1 January, a move which has boosted the futures price of soyabeans.

NGFA CEO sees benefits for agricultural trade in USMCA deal

December 03, 2018

The new US Mexico Canada Agreement (USMCA) will bring advancements in managing the trade of grains, oilseeds and their derived products in the North American marketplace, according to the US National Grain and Feed Association (NGFA).

Evofuel and Fantini develop mechanical harvester for castor beans

November 30, 2018

Israel’s Evofuel and Italian agricultural equipment manufacturer Fatini SRL announced on 29 October that the two firms had developed a new mechanical harvester for castor beans to satisfy rising demand for castor oil.

Ceres makes deal with London Agricultural Commodities

November 30, 2018

Minnesotan logistical company Cere Global Ag Corp announced on 14 November that it had entered into an agreement with Canadian agricultural commodity merchant London Agricultural Commodities (LAC) to provide it with storage and handling services in Ceres’ export grain elevator in Port Colborne, Ontario, World Grain reports.

Spain adopts nutri-score labels in fight against obesity

November 29, 2018

Spain has adopted the nutri-score traffic light system as part of its plans to tackle the nation’s obesity problem, reports just-food.

Phillips 66 and REG announce plans for new renewable diesel refinery on US West Coast

November 28, 2018

US energy company Phillips 66 and Renewable Energy Group, USA, announced plans on 1 November to construct a large renewable diesel plant on the US West Coast.

France to curb imports of non-sustainable agricultural products to tackle global deforestation

November 28, 2018

Five French ministries proposed 17 measures on 14 November to tackle deforestation caused by importing non-sustainable forest or agricultural products, which may include palm oil, Reuters reports.

French oilseed group Avril launches 100% biodiesel fuel

November 27, 2018

The EU’s largest biodiesel producer and French oilseed processor Avril launched France’s first biodiesel-only fuel on 8 November, Reuters reports.