Oils & Fats International News
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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 -
European glycerine prices triple as biodiesel production falls
European glycerine spot prices have tripled amid fears that upstream biodiesel production will fall further due to coronavirus movement restrictions, the Independent Commodity Intelligence Services (ICIS) reported on 3 April.
15 April 2020 -
Indonesia delays B40 biodiesel due to coronavirus
Indonesia is delaying implementation of its 40% biodiesel blending (B40) programme because of the coronavirus pandemic, Argus Media reported on 3 April.
14 April 2020 -
China to allow some Canadian canola imports
China will allow some Canadian canola seed imports to continue despite its year-long trade dispute with the country provided the amount of foreign material in shipments is limited, Reuters reported on 31 March.
13 April 2020 -
Warning to Omega-3 sector over coronavirus immunity claims
Omega-3 businesses have been warned about making immunity claims during the coronavirus (COVID-19) crisis, nutraingredients.com reported on 24 March.
10 April 2020 -
US ethanol plants idled despite hand sanitiser demand for alcohol
The troubled US corn ethanol industry is urging the Food and Drug Administration (FDA) to relax regulations so that the millions of gallons of alcohol it produces can be used for hand sanitisers needed to fight coronavirus (COVID-19).
10 April 2020 -
Six districts in Malaysia's largest palm oil producing state to remain shut
Palm oil operations in six districts of Sabah – Malaysia’s largest palm producing state – will remain closed as part of coronavirus containment measures, Sabah Chief Minister Shafie Apdal said on 8 April.
09 April 2020 -
Sustainable palm oil certifier to review Indonesian bribery claims
The Roundtable on Sustainable Palm Oil (RSPO) has been asked to review allegations that Singapore-listed Golden Agri-Resources paid bribes to cover up the improper use of protected forest in Indonesia, the Wall Street Journal (WSJ) reports.
09 April 2020