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Latest Oils & Fats International News

First commercial plant breeding project to improve protein content in Canadian canola

February 05, 2020

Corteva Agriscience announced on 15 January that it was part of a consortium investing more than CAD$27M (US$20.48M) in improve the protein content of Canadian canola.

Fish oil supplements reportedly boost sperm count and semen volumes

February 04, 2020

Fish oil supplements can boost semen volumes and total sperm counts in men, according to a study published in the Journal of the American Medical Association (JAMA) on 17 January.

NGOs object to French tax benefit for palm fatty acid distillate (PFAD) biofuels

February 03, 2020

Several NGOs are objecting to France’s return of palm fatty acid distillate (PFAD) to a list of biofuels benefitting from a tax exemption, Euractiv reported on 24 January.

Olam restructures into two new groups focused on food ingredients and agribusiness

January 31, 2020

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.

Cargill launches new fat for ice cream and dairy products

January 30, 2020

Cargill Brazil has launched a new fat that can reduce the saturated fat content in ice cream, creams and dairy drinks by up to 30%, says DairyReporter.

China coronavirus leads to falls in soyabean and other commodity prices

January 30, 2020

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. 

Astra Zeneca abandons fish oil drug trial

January 29, 2020

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.

Eni fined for deceiving consumers over ‘green’ diesel

January 28, 2020

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.

Glencore becomes majority owner of Argentinian soyabean processor Renova

January 27, 2020

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.

Chinese purchase of US soyabeans to reach over 40M tonnes/year from trade deal

January 24, 2020

China’s soyabean purchases from the USA as expected to reach over 40M tonnes/year as a result of the ‘phase-one’ trade agreement it signed on 15 January, Rabobank says.

Refined palm oil cargoes delayed at Indian ports

January 23, 2020

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.