Oils & Fats International News
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Food giants pledge to reduce trans fat in global food supply
Twelve of the world’s largest food companies have pledged to reduce trans fat in the global food supply, to align with the World Health Organization’s (WHO) goal of phasing out industrially-produced trans-fats (iTFAs) by 2023.
05 April 2019 -
London mayor bans junk food in adverts on transport networks
The City of London has decided to ban junk food in adverts on its public transport system in efforts to tackle childhood obesity, Olive Oil Times reported on 20 March.03 April 2019 -
Used cooking oil utilised in maritime biofuel pilot
Used cooking oil (UCO) is being utilised in a maritime biofuel pilot project involving a group of Dutch multinationals and Denmark’s AP Moller-Maersk, the world’s largest container ship and supply vessel operator.
03 April 2019 -
Indonesia asks India to cut palm oil tariffs to match Malaysia’s
Indonesia has asked India to cut its tariff on refined palm oil to 45% and has offered market access for Indian sugar in exchange, the Indonesian trade ministry said on 23 February.
02 April 2019 -
EC urges update of ‘scrubber’ rules to protect marine environment
The European Commission (EC) is urging the International Maritime Organization (IMO) to change its rules under which liquid effluents can be discharged from marine ‘scrubbers’ into the sea.
02 April 2019 -
Vegatable oil prices to rise by US$50-100/tonne
Vegetable oil prices, including those for palm oil, are set to rise by US$50-100/tonne by June, according to LMC International chairman James Fry.
01 April 2019 -
Panama Canal signs deal with Port of Itaqui
The Panama Canal Authority (PCA) has signed an agreement with Brazil’s Port of Itaqui to promote the shipment of grains and other cargo through the canal, World Grain reports.
31 March 2019 -
EU biodiesel imports nearly triple in 2018
EU biodiesel imports nearly tripled in 2018 compared to 2017, when anti-dumping tariffs on the fuel from Argentina and Indonesia were suspended, according to Germany’s oil and protein plants association, UFOP.
29 March 2019 -
Turkey oilseed production to remain flat
Turkey’s oilseeds production in 2019/20 is forecast to remain at 3M tonnes despite government efforts to boost output, according to a 1 March Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA).
28 March 2019 -
Patanjali Ayurved ups bid for Ruchi Soya
Indian consumer goods company Patanjali Ayurved has increased its bid for bankrupt edible oil business Ruchi Soya, the Financial Express reported on 13 March.
28 March 2019 -
Thailand’s PTT to buy palm oil for biodiesel
Thailand’s state-owned oil and gas company PTT Plc has agreed to buy 100,000 tonnes of crude palm oil (CPO) to produce biodiesel for export in a move to shore up prices and use up surplus stock, the Bangkok Post reported on 14 March.
27 March 2019 -
Amaggi and ABCD traders consider investment in Brazilian road and rail projects
Brazilian commodities giant, the Amaggi group, and the world’s big four ‘ABCD’ agricultural traders could make a joint bid to operate a road connecting Brazil’s oilseed belt to northern ports, while also considering an investment in a parallel railway, Reuters reported on 11 March.
26 March 2019 -
Calyxt launches gene-edited high oleic soyabean oil
Calyxt Inc, USA, announced the launch of a gene-edited high oleic soyabean oil for the US market which will be sold to the food service industry for frying and salad dressings, as well as sauce applications.
25 March 2019