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Latest Oils & Fats International News


Pakistan pledges to buy more Malaysian palm oil

February 17, 2020

Pakistan Prime Minister Imran Khan has pledged to buy more palm oil from Malaysia to help offset India’s curbs on Malaysian imports, Reuters reports.


China halves tariffs on US$75bn worth of US imports, including soyabeans

February 14, 2020

China is halving tariffs on US$75bn worth of US imports, effective today, as part of its trade truce with Washington as officials look to calm markets unnerved by the novel coronavirus (Covid-19) outbreak.


Syngenta Seeds to help advance feed value of soyabeans

February 13, 2020

Syngenta Seeds has formed a partnership with the Illinois Soybean Association (ISA) and the USA’s United Soybean Board (USB) to advance the livestock nutritional value of its soyabean varieties.

 


Corteva ramps up biotech soyabean seed rollout

February 13, 2020

US seed and crop protection company Corteva Inc is accelerating production of its Enlist E3 biotech soyabean seeds and complementary herbicides in Canada and the USA over the next five years. 

 


Indonesian palm oil biodiesel consumption may impact export volumes

February 12, 2020

Indonesia is forecast to consume over 8M tonnes of palm oil this year to meet domestic demand for biodiesel, which may hit volumes available for export, the Jakarta Globe reported on 4 February.

 


Nestlé to accelerate development of plant-based meat and dairy ingredients

February 11, 2020

Swiss food and beverage conglomerate Nestlé SA is teaming up with plant protein firms, Burcon and Merit, to accelerate its development of plant-based meat and dairy ingredients.

 


Malaysia postpones POC palm oil conference due to coronavirus fears

February 10, 2020

Malaysia has postponed its largest annual palm oil conference due to concerns over the novel coronavirus (Covid-19).


PT Pertamina and Eni end partnership to build green diesel refinery in Indonesia

February 10, 2020

Indonesian state energy company PT Pertamina has ended a year-long partnership with Italian oil and gas firm Eni SpA to build a ‘green diesel’ refinery in Indonesia processing palm oil, Reuters reports.

 


Palm oil prices fall as fears over coronavirus grow

February 07, 2020

Palm oil prices in Malaysia posted sharp losses as concerns grew over falling Chinese demand due to the spread of the novel coronavirus (Covid-19), according to ICIS.


EPA reaffirms safety of glyphosate weed killer

February 06, 2020

The US Environmental Protection Agency (EPA) has reaffirmed that the weed killer chemical, glyphosate, is safe and not likely to be carcinogenic to humans.


Consuming coconut oil has no health benefits

February 06, 2020

Consuming coconut oil leads to higher levels of LDL or ‘bad’ cholesterol compared with other vegetable oils and holds no benefits with regards to body fatness, inflammation, blood sugar, or heart health, reports the Cardivascular Research Foundation’s TCTMD website.