Oils & Fats International News
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Russia warns it could limit agricultural exports to “friendly” countries
Agricultural exports from Russia could be limited to countries that are “friendly” towards it, Reuters reported the deputy chairman of Russia’s security council, former Russian President Dmitry Medvedev, as saying on social media.
18 April 2022 -
COFCO secures lease rights on new bulk terminal in Brazil
China’s largest food processor and manufacturer COFCO has announced that its Brazilian branch has secured a 25-year lease for a new bulk terminal in the Port of Santos.
15 April 2022 -
EIA’s latest energy outlook forecasts US renewable diesel supply to overtake biodiesel
US renewable diesel supply will exceed biodiesel supply in the near term, according to latest forecasts by the US Energy Information Administration (EIA).
15 April 2022 -
British Airways takes first delivery of UK-produced SAF in supply agreement with Phillips 66
UK airline British Airways (BA) has taken its first delivery of sustainable aviation fuel (SAF) as part of its multi-year supply agreement with US energy company Phillips 66, the companies announced.
14 April 2022 -
Indonesia-EFTA agreement expected to come into force this year
A new agreement between Indonesia and the countries within the European Free Trade Agreement (EFTA) – Iceland, Liechtenstein, Norway and Switzerland – is expected to come into force this year, the Malaysian Palm Oil Council (MPOC) announced on its newsletter.
14 April 2022 -
UN food chief warns conflict in Ukraine will create the most severe global food crisis since World War II
The war in Ukraine would create a global food crisis “beyond anything… seen since World War II”, ABC News reported the United Nations (UN) food chief as saying.
13 April 2022 -
National Grain Company set to build grain and oilseed terminal in Saudi Arabia
National Grain Company, a joint venture between the Saudi Agricultural and Livestock Investment Co (SALIC) and Saudi shipper Bahri, has signed an agreement to build a grains terminal in Yanbu Commercial Port in Saudi Arabia, SALIC announced.
13 April 2022 -
AGP set to expand and upgrade port facilities
Leading US agribusiness cooperative Ag Processing Inc (AGP) will be carrying out a major expansion and upgrade of its export facilities at the Port of Grays Harbour (POGH) in Aberdeen, Washington, the company announced.
12 April 2022 -
Ukraine government says spring planting has started in 21 regions under the country’s control
Spring planting was underway in 21 regions under Ukraine’s control, AgriCensus reported the country’s agriculture ministry as saying.
12 April 2022 -
Unilever scales up blockchain system for palm oil
Consumer goods giant Unilever has launched a pilot blockchain system to increase traceability and transparency in its global palm oil supply chain, the company announced.
11 April 2022 -
Exporters in Ivory Coast reject drought-affected cocoa beans due to poor quality
Ivory Coast exporters have been rejecting more than half of drought-affected cocoa beans due to poor quality, exporters and processors were reported as saying by Reuters.
11 April 2022 -
Turkey introduces temporary ban on exports sourced from third countries in bid to stabilise local market and halt further price increases
The Turkish government has introduced a temporary ban on exports sourced from third countries in a bid to stabilise local market conditions and halt further price increases, World Grain quoted from a US Department of Agriculture’s Foreign Agricultural Service (FAS) report.
11 April 2022 -
Food producers reversing palm oil ban due to acute sunflower oil shortage
A sunflower oil shortage due to the conflict in Ukraine following Russia’s invasion of the country is forcing food producers to reverse their ban on palm oil, according to an Edge Markets report on 29 March.
08 April 2022