Palm oil production in Colombia is forecast to rise by 10% due to increased output, Nasdaq reported the president of the National Federation of Oil Palm Growers (FEDEPALMA) as saying on 2 September.

A commodities exchange for wheat, oils, sugar and rice is being set up in Egypt, Reuters reported on 9 September.

US pharmaceutical company Amarin has lost its patent appeal for its fish oil fatty acid pill Vascepa, Fierce Pharma reported on 3 September.

Palm oil companies in Malaysia are looking to recruit recovering drug addicts and prisoners to solve labour shortages, Reuters reported on 9 September.

Bursa Malaysia Derivatives (BMD) is launching the inaugural Virtual Palm and Lauric Oils Price Outlook & Exhibition 2020 (Virtual POC2020) on 14-15 October.

The US Environmental Protection Agency (EPA) has proposed a new rule to make it easier for developers to market crops that are genetically engineered to produce pesticides, Chemical & Engineering News reported on 8 September.

Global commodity news and price reporting agency Argus has launched new price assessments for renewable diesel in Europe, the company announced on 8 September.

Global speciality oils and fats supplier Bunge Loders Croklaan (BLC) has opened a shea butter processing facility in Ghana, the company announced on 8 September.

Lower prices look set to prompt China to buy a record amount of US soyabeans this year, sources were reported as saying by Bloomberg News on 26 August.

US confectionery and snacks giant Mondelēz International will only accept palm oil that is ‘traceable’ and ‘forest-monitored’ from its supply chain from 2021, the company announced on 3 September.

Global consumer goods giant Unilever will invest US$1.2bn to eliminate fossil fuels in its cleaning and laundry products by 2030, the company announced on 2 September.

New and ‘more targeted’ measures to contain the spread of Xylella fastidiosa in the European Union (EU) have been announced by the European Commission (EC), Olive Oil Times reported on 21 August.

The European Food Safety Authority (EFSA) has ruled in favour of granting novel food authorisation for Avena Nordic Grain’s rapeseed-based plant protein and fibre powder, the company says.