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Latest Oils & Fats International News

Bayer to halt Belt insecticide sales in USA after EPA ruling

August 11, 2016

German chemicals company Bayer AG will halt US sales of insecticides containing flubendiamide after the US Environmental Protection Agency (EPA) ruled that it posed risks to the environment, reported Reuters on 29 July.

Cargill agrees to sell oilseed processing facilities in Netherlands and France to Bunge

August 10, 2016

Cargill has agreed to sell two oilseed processing plants and businesses in the Netherlands and France to Bunge for an undisclosed sum, the companies announced on 5 August.

RSPO lifts its suspension of IOI Group

August 09, 2016

The Roundtable on Sustainable Palm Oil (RSPO) has lifted its suspension of Malaysia’s IOI Group, effective yesterday (8 August).

Year-end deal for ChemChina’s acquisition of Syngenta

August 08, 2016

Swiss pesticide and seeds maker Syngenta, which is being taken over by state-owned ChemChina, still expects the deal to close by year's end, it said on 22 July while reporting a worse-than-expected drop in first-half profit, Reuters reports.

Ukraine exports record volume of high-oleic sunflower oil

August 05, 2016

The Ukraine exported a record 55,430 tonnes of high oleic sunflower oil in the 10 months of the 2015/16 marketing year (September-June), an increase of 32% compared with the same period last season, reports APK-Inform.

Palm kernel crisis looms as certified supplies drop dramatically

August 04, 2016

Malaysia’s Kuala Lumpur Kepong Bhd (KLK) has benefited from increased sales of its certified sustainable palm oil (CSPO) but the overall sustainable palm kernel market is experiencing a period of volatility due to two large producers losing their Roundtable on Sustainable Palm Oil (RSPO) certification, GreenPalm said on 26 July.

Widening price gap between rapeseed and wheat may continue in 2016/17

August 03, 2016

The price gap between rapeseed and wheat, which widened at the end of 2015/16, could continue in 2016/17 because the EU harvest will be considerably smaller due to poor weather, according to a press release on 21 July from Germany’s Union for the Promotion of Oil and Protein Plants (UFOP).

Comvex to invest in grain terminal at Constanta Port

August 02, 2016

Shareholders of Romanian port operator Comvex have agreed to invest €52M to convert berth 80 of Constanta Port into a grains terminal with a storage capacity of 200,000 tonnes, bne IntelliNews reported on 12 July.

US House approves GMO labelling bill

August 01, 2016

The US House of Representatives approved a bill on 14 July to create a national standard on labelling food made with GMOs, just a week after the US Senate passed the bill on 7 July.

Spreads continue to decline at Unilever

July 29, 2016

Unilever released its first-half 2016 results on 21 July, reporting underlying sales growth across its grocery and ice cream brands, but continued decline with spreads, just-food said.

COFCO and Chinatex to merge

July 28, 2016

China’s State Council has approved the merger of China National Cereals, Oils and Foodstuffs Corporation (COFCO) and Chinatex Corp, which specialises in edible oils and textiles, Reuters reported on 14 July.