Oils & Fats International News
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Argentina to export soyabean meal to China for first time
Argentina has reached an agreement to export soyabean meal to China for the first time.
24 September 2019 -
Malaysia considers banning “anti-palm oil” products from shops
Malaysia is considering a law to remove products with anti-palm oil labels from market shelves as it looks to take action against any unfair treatment of its second largest commodity export, the Malaysian Reserve reported on 4 September.
23 September 2019 -
Bunge to buy 30% of Agrofel
US agribusiness Bunge has agreed to buy 30% of Brazilian agricultural firm Agrofel Grãos e Insumos, based in Rio Grande do Sul state.
20 September 2019 -
The Redwood Group acquires Ceres Commodities
Redwood Group, USA, announced on 4 September that it had completed its acquisition of Ceres Commodities, which supplies food grade non-GM and organic soyabeans domestically and to East and Southeast Asian food markets.
19 September 2019 -
Scientists create butter-like spread with 80% water
US Cornell University scientists have created a low-calorie butter-like spread that consists of 80% water and small drops of vegetable oil and milk fat.
19 September 2019 -
Research shows fish oil has no effect on diabetes
Researchers have concluded that omega-3 fatty acids in fish oil have little or no effect on the risk of developing Type 2 diabetes.
18 September 2019 -
Malaysian POIC port handles first hazardous shipment
The Lahad Datu palm oil industrial cluster (PIOC) port handled its first shipment of methanol for a biodiesel plant owned by Malaysia’s Genting Group.
17 September 2019 -
China to boost palm oil imports to replace soya
China is likely to import a record 6.7M tonnes of palm oil this year from October as rising rival soyabean oil prices surge, Bloomberg reports.
16 September 2019 -
US producers concerned about agricultural outlook
Farmers are becoming more concerned about the future for US agriculture and their farms, according to the Perdue University/CME Group Ag Economy Barometer.
13 September 2019 -
Trump delays tariff hikes on Chinese goods ahead of talks
US President Donald Trump has delayed a 5% tariff hike on US$250bn of Chinese goods due to come into force on 1 October as the two countries prepare for fresh talks in their long-running trade dispute.
13 September 2019 -
Brazil to boost biodiesel blend
Brazil is set to increase biodiesel blending to 12% of diesel consumption (B12) in March 2020, its second increase in less than a year, Reuters wrote on 12 November.
11 September 2019 -
Glencore joins global initiative to modernise commodity trading
Swiss commodity trading firm Glencore Agriculture has joined the world’s leading agribusinesses in an initiative to modernise global agricultural commodity trading.
09 September 2019 -
Malaysian sustainable palm oil to be exported to Europe
Malaysia is on track to export its Sustainable Palm Oil (MSPO) to Europe by 2020, allowing the country’s commodity to enter the European market.
09 September 2019