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Latest Oils & Fats International News

Scientists develop GM method to increase seed oil yield

May 10, 2019

Scientists at Singapore’s Nanyang Technological University (NTU) have developed a new genetic modification (GM) method they say can increase the oil yield from oilseeds by up to 15% in laboratory conditions.

Olive oil exports drive growth in Greek agri-food sector

May 09, 2019

Olive oil was the main driving force behind the growth of Greece’s agri-food exports in 2018, according to a new report from the Exporters Association of Northern Greece (SEVE).

Trump threatens to hike tariffs on Chinese goods

May 09, 2019

US President Donald Trump has escalated the country’s trade war with China by announcing plans to hike the 10% tariff imposed on US$200bn of Chinese goods to 25% on 10 May.

Indian domestic capacity cut to below 30%

May 08, 2019

India’s domestic oilseed crushing and refining industry has cut operating capacity to historic lows as a result of a surge in cheap vegetable oil imports, the Business Standard said on 17 April.

McDonalds to update washing machines for biofuel production

May 07, 2019

German appliance manufacturer Miele is updating the washing machines it hosts at 1,300 McDonald’s restaurants across the UK to pull oil from used mops, towels and cleaning cloths to recycle into biofuel for the fast food giant’s delivery fleet.

EU’s exclusion of agriculture in US-EU trade talks ‘disappointing’

May 06, 2019

The American Soybean Association (ASA) said on 16 April that it was disappointed the EU had voted to move forward in negotiating an EU-US Free Trade Agreement that excluded agriculture.

Oilseed production to rise in India

May 03, 2019

India’s oilseed production in 2019/20 is forecast to rise by 8% over the previous year, assuming normal weather conditions, a US Department of Agriculture (USDA) Global Agricultural Information Network (GAIN) report said on 19 April.

China selects species for mass oil palm planting

May 02, 2019

The Chinese Academy of Tropical Agricultural Sciences has selected its first oil palm species for mass planting in China, Xinhuanet reported on 14 April.

Russia offers palm oil defence offset deals

May 02, 2019

Russia is committed to substantially increasing its purchase of Malaysian palm oil as part of defence offset deals, the Asia Palm Oil Magazine reported in its April-June issue.

Bayer asks California appeals court to throw out US$78M Roundup verdict

May 01, 2019

German life sciences company Bayer AG has asked California’s Court of Appeal to throw out a verdict ordering it to pay US$78M to a school groundskeeper who claimed the company's weed killers gave him cancer, Reuters reported on 24 April.

USA threatens tariffs on EU olive oil and other goods

April 30, 2019

Olive oil, butter and essential oils are among a list of EU goods that the USA has threatened to impose US$11bn worth of tariffs on in a long-running dispute over the EU’s subsidy of European aerospace corporation Airbus.