Global food and agribusiness Olam International announced on 20 January that it is re-organising its business portfolio to create two new operating groups focused on food ingredients and global agribusiness.
Fears over a drop in Chinese demand for key commodities due to the coronavirus outbreak has pushed down prices of soyabeans, vegetable oils, corn and wheat, the South China Morning Post (SCMP) reported on 29 January.
Global pharmaceutical firm AstraZeneca is abandoning a fish oil-based drug trial because of its “low likelihood” of benefitting patients with an increased risk of cardiovascular disease, the company announced on 13 January.
Italian oil and gas company Eni Spa has been fined US$5.6M for deceiving consumers over its ‘green’ diesel in TV, newspaper, digital media and petrol station advertisements, Biofuels International reported on 20 January.
Switzerland-headquartered Glencore Agriculture has become the majority owner of Argentinian soyabean processor Renova through the acquisition of a further 16.67% stake in the firm from its joint venture partner, Vicentin, World Grain reported on 13 January.
Thousands of tonnes of refined palm oil were delayed or stuck at various Indian ports after the world’s biggest edible oil buyer introduced restrictions on refined palm oil imports, according to Reuters.