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Latest Oils & Fats International News


EU announces olive oil production estimates

May 21, 2020

The European Union (EU) has released its monthly olive oil production estimates and total quantities produced to date for the current crop year, Olive Oil Times reported on 1 May.


Neste acquires Court Terminal Rotterdam

May 20, 2020

Leading renewable diesel producer Neste has acquired BV’s Count Terminal Rotterdam from the First Dutch Group, Neste announced on 7 May.


China’s cooking oil consumption forecast to increase in 2020

May 20, 2020

Cooking oil sales in China look set to increase in 2020 due to more people eating at home, the Malaysian Palm Oil Council (MPOC) reported on 6 May.

 


European ethanol producers fear influx from USA and Brazil

May 19, 2020

EU ethanol producers are warning that a potential influx of cheap US and Brazilian imports threatens their businesses and have urged the European Commission (EC) to protect their industry, Reuters reported on 6 May.


Top US ethanol producer enters hand sanitiser market as Trump tightens restrictions

May 18, 2020

​Leading US ethanol producer Poet is producing hand sanitiser at two of its plants following the collapse of ethanol prices due to a drop in demand for fuel caused by COVID-19 shutdowns, CNBC reported on 7 May.


Argentina biodiesel exports fully halted due to COVID-19

May 15, 2020

Biodiesel exports from Argentina have completely halted due to the coronavirus pandemic affecting demand in Europe, the head of th local industry chamber told Reuters on 5 May.


USDA to award $100M for American biofuels infrastructure

May 14, 2020

The US Department of Agriculture (USDA) is making up to US$100M in competitive grants available to the American renewable fuels industry.


Freshstack adopts blockchain technology to allow digital trading in India

May 14, 2020

Blockchain technology is being used by Freshstack Technologies to allow end-to-end digital trading among its 23,000 farmers and commodity traders in India.


US soyabean imports to China surged 13% in March

May 13, 2020

China’s soyabean imports from the USA in March increased year-on-year following the two countries’ ‘Phase One’ trade deal although Brazil remained its main supplier, AgriCensus reported on 27 April.


Copa-Cogeca calls on EC to tackle COVID-19 effects on protein plant market

May 12, 2020

Copa-Cogeca has urged the European Commission (EC) to take rapid action to deal with the growing risk of imbalance in the EU protein plant market and its biofuel supply chains.


FGV warns its palm oil output will drop due to COVID-19 control order

May 11, 2020

Malaysian crude palm oil producer FGV Holdings says its output will drop this year due to the effect of the movement control order (MCO) put in place since 18 March to combat COVID-19, The Star reported on 28 April.