Oils & Fats International News
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US soyabean imports to China surged 13% in March
China’s soyabean imports from the USA in March increased year-on-year following the two countries’ ‘Phase One’ trade deal although Brazil remained its main supplier, AgriCensus reported on 27 April.
13 May 2020 -
Copa-Cogeca calls on EC to tackle COVID-19 effects on protein plant market
Copa-Cogeca has urged the European Commission (EC) to take rapid action to deal with the growing risk of imbalance in the EU protein plant market and its biofuel supply chains.
12 May 2020 -
FGV warns its palm oil output will drop due to COVID-19 control order
Malaysian crude palm oil producer FGV Holdings says its output will drop this year due to the effect of the movement control order (MCO) put in place since 18 March to combat COVID-19, The Star reported on 28 April.
11 May 2020 -
Golden Agri-Resources responds to complaints to RSPO
Singapore-listed Golden Agri-Resources (GAR) has responded to complaints made to the Roundtable on Sustainable Palm Oil (RSPO) that it paid bribes to cover up the improper use of protected forest in Indonesia, as first reported by the Wall Street Journal (WSJ).
08 May 2020 -
Bunge grain elevators acquired by Zen-Noh
Zen-Noh Grain Corp has acquired 35 US interior elevators from Bunge North America, World Grain reported on 22 April.
07 May 2020 -
Avril closes French biodiesel plants due to drop in demand
French vegetable oil and biodiesel company Groupe Avril has temporarily closed some of its production as demand drops due to the COVID-19 pandemic, biofuels-news.com reported on 22 April.
07 May 2020 -
IGC says impact of COVID-19 has led to rise in short-term demand for some commodities
As the global spread of COVID-19 makes it impact felt, some agricultural commodities have seen a sharp upturn in near-term demand, especially for rice and wheat-based foods, according to the International Grains Council (IGC).
06 May 2020 -
Palm and Lauric Oils Price Outlook Conference (POC 2020) cancelled
Bursa Malaysia Derivatives Bhd announced on 4 May that it had cancelled the Palm and Lauric Oils Price Outlook Conference & Exhibition (POC) 2020, scheduled to take place on 22-24 June, due to uncertainties surrounding the COVID-19 pandemic.
06 May 2020 -
Trump warns of new tariffs on China over COVID-19
US president Donald Trump says the country’s trade deal with China is now of secondary importance to the COVID-19 pandemic and has threatened new tariffs against Beijing in retaliation over the outbreak, Reuters reported on 30 April.
06 May 2020 -
US ethanol industry could face losses of $10bn due to COVID-19
Ethanol sales in the USA could fall by more than US$10bn in 2020 and the industry’s contribution to gross domestic product (GDP) could drop by nearly one-third due to the effects of the COVID-19 pandemic, according to analysis by the Renewable Fuels Association (RFA) published on 20 April.
05 May 2020 -
Bunge Loders Croklaan lowers 3-MCPDE levels in oils portfolio ahead of new legislation
Global speciality oils and fats supplier Bunge Loders Croklaan has lowered 3-MCPDE levels in its oils portfolio ahead of expected European legislation, the company announced on 21 April.
04 May 2020 -
First commercial plant breeding project to improve protein content in Canadian canola
Corteva Agriscience announced on 15 January that it was part of a consortium investing more than CAD$27M (US$20.48M) in improve the protein content of Canadian canola.
01 May 2020 -
Palm oil market to miss out on traditionally high Ramadan demand period
The palm oil sector is set to miss out on a traditional period of high demand as COVID-19 lockdowns during the Muslim holy month of Ramadan affects demand in key importing countries such as India, Pakistan and Bangladesh, Reuters reported on 21 April.
01 May 2020