Oils & Fats International News
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Bunge to relocate headquarters
US agribusiness Bunge has announced it is moving its global headquarters from White Plains, New York to St Louis, Missouri.
29 August 2019 -
USDA approves Verdeca’s drought tolerant soyabean
The US Department of Agriculture (USDA) has approved a drought tolerant soyabean developed by seed developer Verdeca for commercialisation in the US market.
29 August 2019 -
Van den Bosch to further bulk liquid transport activities with STACKS partnership in South Africa
Global logistics service provider Van den Bosch has signed a partnership agreement with South African freight forwarder STACKS Logistics to further develop its bulk liquid transport activities to and from South Africa.
28 August 2019 -
Corto Olive and Gemsa Oils reach settlement
US olive oil company Corto Olive has reached a settlement with rival firm Gemsa Oils for allegedly infringing on its 51-49 brand and distinctive packaging of its blended olive oil.
27 August 2019 -
China-USA trade war escalates with new tariff announcements
The ongoing trade war between China and USA escalated on 23 August when US President Donald Trump announced tariff hikes on effectively all Chinese imports into the USA.
27 August 2019 -
AgDevCo invests in DekelOil
UK investment firm AgDevCo has invested US$9.75M in DekelOil, a large-scale palm oil producer in Côte d'Ivoire.
26 August 2019 -
Benson Hill and Brownseed Genetics partner up to offer new corn hybrids
US biotech company Benson Hill Biosystems has entered a partnership with seed breeder Brownseed Genetics to offer new corn hybrids that are higher in both oil content and essential amino acids.
23 August 2019 -
USDA approves Cargill’s biotech omega-3 canola for cultivation
US agribusiness firm Cargill has received approval from the US Department of Agriculture to grow a biotech canola variety in the USA that produces omega-3 fatty acids, which can be used to replace fish oil in aquaculture feeds.
22 August 2019 -
Exports of Caribbean essential oils to Europe rising
Exports of Caribbean essential oils to the EU has grown by 33% in the past year due to rising concern about sustainability and ethics in personal care products, according to the Caribbean Export Development Agency (Caribbean Export) on 31 July.
22 August 2019 -
EU scientists call for rethink on genome editing
European scientists have called on the newly-elected European Parliament and European Commission (EC) to rethink genome editing technology restrictions, exactly a year after the European Court of Justice (ECJ) ruled that plants obtained through the technology should be considered genetically modified organisms (GMOs).
21 August 2019 -
JBS announces new biodiesel plant
Brazilian meat processor JBS plans to invest R$180M (US$47.5M) in a new biodiesel facility which will use pork and poultry fat as part of its feedstock.
20 August 2019 -
Volcano eruption affects palm oil production in Papua New Guinea
Two volcanic eruptions and a heavier than usual rainy reason will lead to a 19% fall in palm and palm kernel oil production in Papua New Guinea for Belgian agribusiness firm Sipef.
19 August 2019 -
SACN says saturated fats should account for no more than 10% of daily calories
The UK Scientific Advisory Committee on Nutrition (SACN) says UK consumers should continue to ensure that saturated fats account for “no more than about 10%” of daily calories after revising reviewing advice handed down from 1994.
15 August 2019