Oils & Fats International News
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New IMO regulation leads to sharp demand rise for low-sulphur fuels
The Port of Rotterdam has reported a sharp rise in demand for very low sulphur fuel oil (VLSF0) and biofuel bunkers as a result of new global sulphur emission regulations which came into force on 1 January.
12 March 2020 -
US institute wins Japan gene editing patent case
A Japanese court has ruled in favour of a US institute’s patent application on the CRISPR-Cas9 gene editing technique, the Nikkei Asian Review reported on 26 February.
11 March 2020 -
IGC predicts tentative rise in global soyabean market
Global soyabean hectarage is expected to rise by 4% in 2020/21 mainly due to tentative outlooks for a rebound in plantings of the spring-sown crop in the USA, according to latest projections from the International Grains Council (IGC).
11 March 2020 -
PepsiCo tightens rules for palm oil in its products
US food and drink giant PepsiCo is introducing stricter rules for the palm oil used in its goods – including a retrospective ban on working with firms with linked to deforestation, Reuters reported on 25 February.
10 March 2020 -
Indonesia sees drop in palm oil exports to China due to coronavirus
Indonesian farming ministry officials say the country’s palm oil exports to China have declined due to a drop in demand for the vegetable oil as a result of the novel coronavirus (Covid-19) outbreak, Reuters reported on 17 February.
09 March 2020 -
Cargill to launch plant-based hamburger and ground ‘meat’ products
US agribusiness Cargill is launching plant-based hamburger patties and ground ‘meat’ products using soya and pea protein in April, Reuters reported on 27 February.
06 March 2020 -
Market for French fries growing in China
The market for French fries in China is growing rapidly as a result of a booming fast food industry but foreign providers still face barriers, just-food.com reported on 17 February.
05 March 2020 -
Bunge offers to buy two Brazilian soya processing plants
US agribusiness giant Bunge has placed a bid to buy two soya processing plants in Brazil from local soya crusher Imcopa, reinforcing its position as the country’s biggest oilseeds processor, Reuters reported on 18 February.
05 March 2020 -
Strong performance in tropical oils boost Wilmar profits
Leading Asian agribusiness Wilmar saw core net profits jump 120% to US$438.4M for the fourth quarter ended 31 December, World Grain reported on 20 February.
04 March 2020 -
Ukraine may lose out on rapeseed and corn exports to the EU
The Ukrainian Grain Association (UGA) has warned that the country could lose its corn and rapeseed exports to Europe due to the lack of greenhouse gas emissions (GHG) reporting by producers.
03 March 2020 -
Netherlands against EU palm oil biofuel ban
The Netherlands’ foreign affairs minister Stef Blok said his country supported sustainably produced palm oil and did not back the European Union’s blanket ban on the use of palm oil to produce biofuels, Indonesia’s Tempo newspaper reported on 25 February.
02 March 2020 -
NGOs object to French tax benefit for palm fatty acid distillate (PFAD) biofuels
Several NGOs are objecting to France’s return of palm fatty acid distillate (PFAD) to a list of biofuels benefitting from a tax exemption, Euractiv reported on 24 January.
02 March 2020 -
Indonesia files WTO lawsuit against EU
Indonesia has filed a lawsuit at the World Trade Organization (WTO) against the EU, claiming the bloc’s restrictions on palm oil-based biofuel are unfair, the country’s trade ministry said in a statement on 15 December.
01 March 2020