Oils & Fats International News
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Outlook for Ukrainian exports hinges on cross-border EU logistics
The outlook for Ukrainian exports is dependent on cross-border logistics in the European Union (EU), according to an AgriCensus report on 22 March.
04 April 2022 -
Freight rates surge due to rising crude oil prices following Russia’s invasion of Ukraine
Rising crude oil prices due to the ongoing conflict in Ukraine are driving up ocean freight rates and US barge prices, according to data by the US Department of Agriculture (USDA) reported by World Grain on 18 March.
01 April 2022 -
USDA forecasts China’s 2022/23 soyabean imports to hit record 100M tonnes
Soyabean imports in China are forecast to hit a record 100M tonnes in 2022/23 due to increased feed demand and high prices of protein-rich substitutes, according to data by the United States Department of Agriculture (USDA) reported by AgriCensus on 18 March.
01 April 2022 -
Marathon partner with Neste on Martinez conversion project
US refiner Marathon Petroleum Corporation (Marathon) and leading renewable diesel producer Neste have entered a 50/50 joint venture to produce renewable diesel, the companies announced.
31 March 2022 -
Russia-Ukraine conflict sparks grain and oilseed price hike
The conflict in the Black Sea region following Russia’s invasion of Ukraine has led to surging prices for grain and oilseeds, according to a report by the International Grains Council (IGC) released on 17 March.
31 March 2022 -
TotalEnergies starts SAF production in Normandy
Global energy company TotalEnergies has announced it has started production of sustainable aviation fuel (SAF) at its new platform in Normandy, France.
30 March 2022 -
Indonesia hikes palm oil export levy
Top global palm oil exporter Indonesia has significantly raised its maximum palm oil export levy in a fresh bid to control domestic cooking oil prices, Reuters reported.
30 March 2022 -
EFSA says methyloxolane is safe solvent for vegetable oil extraction
The European Food Safety Authority (EFSA) has found that methyloxolane is safe to be used as a solvent for vegetable oil extraction, the organisation announced on 15 March.
29 March 2022 -
Lack of deliveries from Black Sea region expected to severely impact global shortage of rapeseed
The absence of rapeseed deliveries from the Black Sea region due to Russia’s invasion of Ukraine is expected to significantly affect global shortages of the commodity, according to a report by Germany’s Union for the Promotion of Oil and Protein Plants (UFOP).
29 March 2022 -
Rossi Biofuel opens new plant in Hungary
A new biofuel plant operated by Hungarian biodiesel producer Rossi Biofuel, a subsidiary of the ENVIEN Group, has opened in Hungary, the companies announced.
28 March 2022 -
Aemetis signs SAF supply agreement with Qantas
Renewable fuels firm Aemetis has signed an agreement to supply Australian airline company Qantas with 132M litres (35M) gallons of sustainable aviation fuel (SAF) over seven years, Aemetis announced.
28 March 2022 -
Malaysian oil palm plantations set for arrival of overseas workers
Oil palm plantations in Malaysia are expecting a new group of workers to arrive from overseas in May and June, Today Online quoted the country’s plantation industries minister as saying.
28 March 2022 -
Cargill and ADM scale back operations in Russia
Global agribusiness giants Cargill and Archer Daniels Midland (ADM) have announced they are scaling back their business activities in Russia following the country’s invasion of Ukraine, World Grain reported.
25 March 2022