The Vegetable Oil Price Index dropped by 2.6% in November compared to the previous month to average 165 points, down 4.4 points from the October figure and a five-month low, according to the benchmark United Nations’ Food and Agriculture Organization (FAO) Food Price Index (FFPI).

US renderer and renewable diesel producer Darling Ingredients has agreed to sell around US$60M in production tax credits – generated under the Inflation Reduction Act (IRA) by the company’s 50/50 joint venture Diamond Green Diesel (DGD) – to a corporate buyer.

Global chemical giant Bayer is suing insurance giant American International Group (AIG), alleging decades-old insurance policies should have helped cover billions of dollars in legal costs from cases involving its Roundup glyphosate-containing weedkiller, Insurance News reported.

The UK Trade Remedies Authority (TRA) has proposed the introduction of countervailing duties on imports of hydrotreated vegetable oil (HVO) from the USA following an investigation launched on 17 March 2025.

Traders have doubts that China will fulfil its commitment to purchase 12M tonnes of US soyabeans in 2025 and 25M tonnes/year from 2026-2028 as part of an agreement signed between the two countries at the end of October, according to a 4 December World Grain report.

Spain’s economy minister has asked the USA to exempt olive oil and other Spanish products from its new 15% tariff on imports from the European Union (EU), claiming that the measure risked deepening pressures on producers and disrupting the world’s second largest olive oil market, Olive Oil Times reported.

Confectionery and snack giant Mars has received final regulatory approval from the European Commission (EC) on 8 December for its US$36bn acquisition of global snacking business Kellanova.

Swiss conglomerate Nestlé’s plant scientists have collaborated with leading research institutions to map the diversity of cocoa varieties in a bid to safeguard the future of the chocolate sector.

Turkey faces a sharply reduced olive oil campaign, with production expected to fall well below last year’s record volume of 475,000 tonnes, Olive Oil Times wrote.

Indonesian state energy company Pertamina is scaling up sustainable aviation fuel (SAF) production as part of the country’s wider plan to reduce carbon emissions in the aviation sector, BioEnergy Times wrote, citing a Channel News India report.

The European Council and Parliament have reached a provisional agreement to delay the implementation of the EU Deforestation Regulation (EUDR) by a year as part of a ‘targeted revision’ of the legislation.

Worldwide olive oil production reached a record level of 3.5M tonnes in 2024/25, Olive Oil Times wrote, citing a new study.

The administration of US President Donald Trump has backed German chemical firm Bayer in its bid to get the Supreme Court to shield it from liability over cancer claims related to its Roundup weedkiller, Reuters reported.