Oils & Fats International News
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EC to repeal anti-dumping duties on US ethanol imports
The European Commission (EC) has decided to repeal anti-dumping duties on US ethanol exports into the EU which have been in place since February 2013.
23 May 2019 -
Indonesia could export 2M kl of biodiesel in an “optimistic scenario”
Indonesia may export up to 2M kilolitres (kl) of unblended biodiesel in 2019 in an “optimistic scenario”, the Indonesia Biodiesel Producers Association (APROBI) estimates.
23 May 2019 -
Patanjali Ayurved’s revised bid for Ruchi Soya gets lender’s approval
Indian consumer goods company Patanjali Ayurved’s revised bid to acquire bankrupt edible oils business Ruchi Soya industries has been approved by lenders, Bloomberg reported on 30 April.
22 May 2019 -
EU olive oil exports projected to reach record high
EU olive oil exports is set to rise by 11% to a record high of 625,000 tonnes in the 2018/19 season, with production expected to grow by 3%, according to an April 2019 report from the European Commission (EC).
21 May 2019 -
Time running out to achieve 100% CSPO target
A third of the palm oil being processed by members of the EU Vegetable Oil and Protein Meal Industry (FEDIOL) is still not certified as sustainable, with time running out to achieve an industry target of 100% sustainability by 2020, FEDIOL said on 7 May.
20 May 2019 -
Olam achieves its third RSPO certification
Asian food and agribusiness Olam International says it has achieved Roundtable on Sustainable Palm Oil (RSPO) certification for the first oil palm plantation in Africa developed on 100% grassland.
17 May 2019 -
Beijing retaliates against USA with 25% tariffs on US$60bn worth of US goods
Beijing announced on 13 May that it would raise tariffs to as high as 25% on US$60bn worth of US goods in retaliation against the USA increasing 10% tariffs on US$200bn worth of Chinese products to 25% on 10 May.
17 May 2019 -
Bayer ordered to pay couple US$2bn in third and largest verdict against Roundup weedkiller
A California jury has ordered German chemical firm Bayer to pay more than US$2bn to a couple that developed cancer after using the Monsanto Roundup weedkiller, in the third and largest verdict against the company.
16 May 2019 -
More than 800 to attend International Rapeseed Congress in Berlin
Over 800 scientists and representatives from the agricultural sector will meet in Berlin from 16-19 June to attend the 15th International Rapeseed Congress (IRC), the first rapeseed congress to be held in Germany in 45 years.
16 May 2019 -
Malaysian palm oil supplies reach new record levels
Malaysian palm oil production rose 10% to just under 5M tonnes in the first three months of 2019, compared to last year, reaching a record 3.05M tonnes in February, Germany’s oil and protein plants association, UFOP reported on 30 April.
16 May 2019 -
Russian rail operator postpones IPO launch
Major Russian rail grain transporter RusTransCom (RTC) announced on 26 April that it had postponed plans for an initial public offering (IPO) in favour of a private equity transaction.
15 May 2019 -
Nestlé reaches three-quarter milestone in achieving zero deforestation
Food and drink giant Nestlé announced on 30 April that just over three-quarters (77%) of its agricultural commodities (meat, palm oil, pulp and paper, soya and sugar) were now verified as deforestation-free, compared to 63% in 2018.
14 May 2019 -
USA more than doubles tariffs on US$200bn worth of Chinese goods
In a sharp escalation of the US-China trade war, the USA hiked its 10% tariffs on US$200bn of Chinese goods to 25% on 10 May.
13 May 2019