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Latest Oils & Fats International News


Golden Agri-Resources responds to complaints to RSPO

May 08, 2020

Singapore-listed Golden Agri-Resources (GAR) has responded to complaints made to the Roundtable on Sustainable Palm Oil (RSPO) that it paid bribes to cover up the improper use of protected forest in Indonesia, as first reported by the Wall Street Journal (WSJ).


Bunge grain elevators acquired by Zen-Noh

May 07, 2020

Zen-Noh Grain Corp has acquired 35 US interior elevators from Bunge North America, World Grain reported on 22 April.

 


Avril closes French biodiesel plants due to drop in demand

May 07, 2020

French vegetable oil and biodiesel company Groupe Avril has temporarily closed some of its production as demand drops due to the COVID-19 pandemic, biofuels-news.com reported on 22 April.


IGC says impact of COVID-19 has led to rise in short-term demand for some commodities

May 06, 2020

As the global spread of COVID-19 makes it impact felt, some agricultural commodities have seen a sharp upturn in near-term demand, especially for rice and wheat-based foods, according to the International Grains Council (IGC).


Palm and Lauric Oils Price Outlook Conference (POC 2020) cancelled

May 06, 2020

Bursa Malaysia Derivatives Bhd announced on 4 May that it had cancelled the Palm and Lauric Oils Price Outlook Conference & Exhibition (POC) 2020, scheduled to take place on 22-24 June, due to uncertainties surrounding the COVID-19 pandemic.


Trump warns of new tariffs on China over COVID-19

May 06, 2020

US president Donald Trump says the country’s trade deal with China is now of secondary importance to the COVID-19 pandemic and has threatened new tariffs against Beijing in retaliation over the outbreak, Reuters reported on 30 April.


US ethanol industry could face losses of $10bn due to COVID-19

May 05, 2020

Ethanol sales in the USA could fall by more than US$10bn in 2020 and the industry’s contribution to gross domestic product (GDP) could drop by nearly one-third due to the effects of the COVID-19 pandemic, according to analysis by the Renewable Fuels Association (RFA) published on 20 April.


Bunge Loders Croklaan lowers 3-MCPDE levels in oils portfolio ahead of new legislation

May 04, 2020

Global speciality oils and fats supplier Bunge Loders Croklaan has lowered 3-MCPDE levels in its oils portfolio ahead of expected European legislation, the company announced on 21 April.


Palm oil market to miss out on traditionally high Ramadan demand period

May 01, 2020

The palm oil sector is set to miss out on a traditional period of high demand as COVID-19 lockdowns during the Muslim holy month of Ramadan affects demand in key importing countries such as India, Pakistan and Bangladesh, Reuters reported on 21 April.


Palm oil futures plunge

April 30, 2020

Malaysian palm oil futures plunged 7.5% on 21 April to their lowest level since last August in a reaction to US crude oil futures trading negatively the day before, AgriCensus reported.


Bunge launches app to schedule grain freight in Brazil

April 30, 2020

Global agribusiness Bunge has launched an app which allows truck drivers to schedule grain freight in Brazil via their mobile phones.