Oils & Fats International News
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Louis Dreyfus forms aquaculture and bioenergy joint venture with China’s Donlink Group
Global commodity giant Louis Dreyfus Company (LDC) is partnering with China’s Donlink Group to develop aquaculture and plant-based bioenergy production at a new food industry park near the southern port of Nansha.
19 February 2020 -
Obesity accounts for 4 million worldwide deaths annually
Obesity has nearly tripled since 1975 and now accounts for 4M deaths globally every year, according to a new World Bank report, 'Obesity: Health and Economic Consequences of an Impending Global Challenge'.
18 February 2020 -
Pakistan pledges to buy more Malaysian palm oil
Pakistan Prime Minister Imran Khan has pledged to buy more palm oil from Malaysia to help offset India’s curbs on Malaysian imports, Reuters reports.
17 February 2020 -
China halves tariffs on US$75bn worth of US imports, including soyabeans
China is halving tariffs on US$75bn worth of US imports, effective today, as part of its trade truce with Washington as officials look to calm markets unnerved by the novel coronavirus (Covid-19) outbreak.
14 February 2020 -
Syngenta Seeds to help advance feed value of soyabeans
Syngenta Seeds has formed a partnership with the Illinois Soybean Association (ISA) and the USA’s United Soybean Board (USB) to advance the livestock nutritional value of its soyabean varieties.
13 February 2020 -
Corteva ramps up biotech soyabean seed rollout
US seed and crop protection company Corteva Inc is accelerating production of its Enlist E3 biotech soyabean seeds and complementary herbicides in Canada and the USA over the next five years.
13 February 2020 -
Bunge agrees to sell Brazilian margarine and mayonnaise businesses
US agribusiness giant Bunge announced on 20 December that it had agreed to sell its margarine and mayonnaise assets in Brazil to Brazilian food processing firm Seara Alimentos SA.
01 February 2020 -
EC authorises eight GM products for food and feed use
The European Commission (EC) has authorised eight GMOs for food and feed use in the EU for 10 years.
01 February 2020 -
Olam restructures into two new groups focused on food ingredients and agribusiness
Global food and agribusiness Olam International announced on 20 January that it is re-organising its business portfolio to create two new operating groups focused on food ingredients and global agribusiness.
31 January 2020 -
Cargill launches new fat for ice cream and dairy products
Cargill Brazil has launched a new fat that can reduce the saturated fat content in ice cream, creams and dairy drinks by up to 30%, says DairyReporter.
30 January 2020 -
China coronavirus leads to falls in soyabean and other commodity prices
Fears over a drop in Chinese demand for key commodities due to the coronavirus outbreak has pushed down prices of soyabeans, vegetable oils, corn and wheat, the South China Morning Post (SCMP) reported on 29 January.
30 January 2020 -
Astra Zeneca abandons fish oil drug trial
Global pharmaceutical firm AstraZeneca is abandoning a fish oil-based drug trial because of its “low likelihood” of benefitting patients with an increased risk of cardiovascular disease, the company announced on 13 January.
29 January 2020 -
Eni fined for deceiving consumers over ‘green’ diesel
Italian oil and gas company Eni Spa has been fined US$5.6M for deceiving consumers over its ‘green’ diesel in TV, newspaper, digital media and petrol station advertisements, Biofuels International reported on 20 January.
28 January 2020