Global agribusiness giant Bunge announced on 9 July that it had completed the sale of 35 US grain elevators to Japan’s Zen-Noh Grain Corp (ZCG).

Boycotts and bans are not the solution to creating a sustainable edible oils sector, according to a new cross-sector coalition report published on 7 July.

US agricultural biotech company Cibus announced on 7 July that it was teaming up with global soyabean research firm GDM to develop trait products for soyabean farmers.

The European Commission (EC) published its ‘Fit for 55’ legislative package on 14 July, which proposes more blending of sustainable aviation fuel (SAF) and maritime fuel.

European Union (EU) imports of biofuel are expected to drop by a quarter this year as the bloc draws on large stocks to meet rising demand following the easing of COVID-19 restrictions, Reuters reported the European Commission as saying on 6 July.

China plans to build 10.85M tonnes of extra storage capacity to increase grain stockpiling, World Grain quoted a Reuters report as saying on 12 July.

Global agribusiness giant Louis Dreyfus Co (LDC) officially opened its US$2.7M expanded grains and oilseeds storage site in Campo Largo, Chaco province in Argentina with a ribbon cutting ceremony, World Grain reported on 7 July.

Argentine agriculture biotech start-up Bioheuris has partnered with global plant genetics company GDM to develop high yielding soyabeans using gene editing, the companies announced on 29 June.

The soyabean production area in the European Union (EU) has continued to expand in almost all member states this year, according to EU Commission data reported by the Union for the Promotion of Oil and Protein Plants (UFOP) on 1 July.

Spanish engineering and construction firm TSK announced on 22 June that it will build a €156M oil palm biomass plant in Côte d’Ivoire, which will generate enough electricity to supply 1.7M people.

Bursa Malaysia Derivatives Berhad announced on 1 July that it will be launching an after-hours night trading session by the fourth quarter of this year.

Soyabean production in Russia is expected to reach 4.4M tonnes in 2021/22 as the country recovers from the flooded crops of the previous year when 4.3M tonnes were produced, World Grain reported on 30 June.

Global food commodity prices fell in June for the first time in 12 months, according to the benchmark United Nations Food and Agriculture Organization (FAO) Food Price Index released on 8 July.