Oils & Fats International News
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FEDIOL study shows environmental footprint of vegetable oil-based products
A new study looking into the environmental footprint of vegetable oil-based products has been published by the European Union (EU) seed crushers and oil processors’ federation (FEDIOL).
11 July 2022 -
ADM and Bayer launch soyabean initiative in India
Global agribusiness giant Archers Daniels Midland (ADM) has signed a Memorandum of Understanding (MoU) in India with German chemical company Bayer to develop a crop protection system for soyabean farmers over a three-year period, ADM announced.
08 July 2022 -
Ukraine's farmers face cash flow crisis ahead of winter planting
Farmers in Ukraine could face new challenges in the winter planting campaign due to high stocks, a shortage of storage and tight and costly logistics leading to current domestic prices being close to the cost of production, AgriCensus reported.
08 July 2022 -
Surge in US renewable diesel supply not enough to offset loss of petroleum diesel capacity following plant closures
An increase in new renewable diesel plants set to start production in the USA in the next three years will not be enough to offset the loss of petroleum diesel following plant closures since 2019, according to Reuters analysis of federal data.
07 July 2022 -
Russia switches export tax scheme from US dollar to rouble
The Russian Ministry of Economic Development has announced it will change its export tax scheme from the US dollar to the Russian rouble, AgriCensus reported.
07 July 2022 -
Research shows UK retailers lost £18M in sales due to low stocks of cooking oils
British retailers have lost out on £18M (US$21.6M) in sales due to the limited availability of cooking oils amid the ongoing conflict in Ukraine following Russia’s invasion of the country, according to new data reported by The Grocer.
06 July 2022 -
Kellogg’s to split into three independent companies to focus on global snack business
US food giant the Kellogg Company (Kellogg’s) has announced plans to split into three independent companies in a bid to streamline the company and focus on its snack business.
06 July 2022 -
Russian forces target Viterra and Bunge grain terminals in Ukrainian port of Mykolaiv
Two US-owned grain terminals in the Ukrainian port of Mykolaiv have been targeted by Russian forces, Farm Policy News quoted from a Wall Street Journal (WSJ) report, as part of what Kyiv and Western governments claim is a campaign to block Ukraine’s food export capability.
05 July 2022 -
Indonesia’s Papua province recommends revoking permits of 35 oil palm concessions
The government of Indonesia’s Papua province has recommended that district officials revoke the permits of 35 of the 54 oil palm concessions operating there, Mongabay wrote.
05 July 2022 -
USDA raises soyabean production forecast
The United States Department of Agriculture (USDA) has raised its forecast for global soyabean production for the 2022/23 marketing year, Germany’s Union for the Promotion of Oil and Protein Plants (UFOP) reported.
04 July 2022 -
US farmers change planting plans due to shortages of agricultural chemicals
Farmers in the USA are cutting back on their usage of common weedkillers, looking for substitutes for popular fungicides and changing their planting plans due to ongoing shortages of agricultural chemicals, according to a Reuters report.
04 July 2022 -
BBC report says stolen Ukrainian grain taken to annexed Crimea and onwards to Turkey and Syria
Russia is sending grain stolen from farmers in occupied areas of Ukraine to the Middle East via Crimea, according to a 27 June BBC report.
04 July 2022 -
Agribusiness giants develop new method to disclose deforestation-free soya purchases from Brazil’s Cerrado region
Six of the world’s leading food and agribusiness companies have developed a new method to disclose deforestation-free soya purchases from Brazil’s Cerrado region, the World Business Council for Sustainable Development (WBCSD) announced.
01 July 2022