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.
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.
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.
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.
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).
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.
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.