Oils & Fats International News
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Low river level hits Paraguay’s soyabean exports
Paraguayan exporters are struggling to ship soyabeans due to low water levels in sections of the Paraná and Paraguay rivers, says Juan Carlos Munoz, head of Paraguay’s maritime and shipping chamber CAFyM.
29 April 2020 -
Global partnership uses blockchain for cross-continental transaction
A cross-continent trade transaction of wheat from North America to Southeast Asia was completed within a few days by global agricultural supply chain partners using a blockchain platform, World Grain reported on 15 April.
28 April 2020 -
Romania suspends non-EU grain and oilseed exports
The government of Romania has suspended most exports of grains, oilseeds and related products to markets outside of the EU, according to a US Department of Agriculture (USDA) report on 16 April.
27 April 2020 -
EU ethanol producers face demand drop and potential import competition
European ethanol producers are calling on the European Commission (EC) to address challenges that have arisen from shifting market conditions as a result of the COVID-19 pandemic.
24 April 2020 -
Record high world soyabean harvest forecast
Global soyabean output as forecast by the International Grain Council (IGC) is expected to reach a record high in 2020/21, the Union for the Promotion of Oil and Protein Plants (UFOP) reported on 14 April.
23 April 2020 -
Hammonia Oleochemicals expands cosmetics partnership with Industrial Química Lasem
A partnership between Hammonia OleoChemicals (HOC) and Spain’s Industrial Química Lasem (IQL) has been expanded in Germany, Hamburg-based HOC announced on 4 April.
23 April 2020 -
Soyabean imports at 7-year low in China while crush down 6%
China’s total soyabean imports in March 2020 dropped 13% year-on-year to the lowest level for the month since 2013, AgriCensus reported on 14 April.
22 April 2020 -
Australia’s canola output forecast to rebound
Canola production in Australia is expected to rebound in 2020-21 after several years of below average output due to drought, according to a US Department of Agriculture (USDA) report on 6 April.
21 April 2020 -
Malaysia to delay nationwide B20 rollout plans due to COVID-19 restrictions
Plans to step up the use of 20% palm oil in biodiesel in Malaysia have been delayed due to curbs on movement imposed to contain the COVID-19 pandemic, Today reported on 16 April.
21 April 2020 -
China’s Sinograin releases 500,000 tonnes of reserve soyabeans to COFCO
China’s state-owned grain stockpiler Sinograin has released 500,000 tonnes of national soyabean reserves to COFCO amid low stock levels and weak imports in March, trade sources told Agricensus on 7 April.
20 April 2020 -
EU FAME biodiesel producers will be hardest hit by COVID-19
Biodiesel consumption in the EU could fall by 2M tonnes this year as drivers stay home due to novel coronavirus (COVID-19) travel restrictions, FO Licht said in a 3 April report.
17 April 2020 -
Turkey’s palm oil imports to drop 10% due to weaker demand from HoReCa sector
Turkey’s palm oil imports this year will drop by around 10% to around 690,000M tonnes due to weaker demand from the hotel, retail and catering (HoReCa) sector, according to forecasts by the Malaysian Palm Oil Council (MPOC).
16 April 2020 -
Shipping faces disruption due to COVID-19
Transport restrictions put in place to curb the spread of the COVID-19 virus had caused serious disruption to the flow of trade, according to a report by the Malaysian Palm Oil Council (MPOC).
16 April 2020