Oils & Fats International News
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Indonesia increases CPO export tax from 7.5% to 10%
The Indonesian government has increased the export tax on crude palm oil (CPO) from 7.5% to 10% of the reference price on 17 May in a bid to fund its biofuel programme and replanting efforts, Asia News Network wrote.
22 May 2025 -
New Solidaridad report calls for support for small oil palm producers
A new report by international civil society organisation Solidaridad recommends the development of palm oil procurement policies and the adoption of fair-trading practices to support smallholders.
21 May 2025 -
Bayer to close German factory in 2028 as part of restructuring plan
German chemical giant Bayer has announced plans to shut down its herbicide production and development operations at its Frankfurt am Main site by the end of 2028, marking the company's first closure of a German factory in its 161-year history, Biz Community reports.
21 May 2025 -
ADM first quarter operating profit drops by 38%
Global agribusiness giant ADM’s operating profit in the first quarter dropped by 38%, World Grain reported.
21 May 2025 -
Qantas and Airbus promote SAF technologies through venture capital investment
Leading Australian airline Qantas and European aircraft manufacturer Airbus have partnered with venture capital fund Climate Tech Partners (CTP) to promote the development of SAF and other decarbonisation technologies, Greenair News reported.
20 May 2025 -
New study highlights footprint of global fish oil and meal industry
Researchers from the University of British Columbia (UBC) have created a database detailing the global distribution of fish oil and fish meal factories, highlighting a critical area of the aquaculture supply chain, identifying where these ingredients are being produced, and which companies control the industry’s footprint, Oceanographic reported.
20 May 2025 -
Mexico could be top destination for US exports
Mexico is likely to overtake Canada as the top destination for US products, according to new research by CoBank reported by World Grain.
19 May 2025 -
Paraguay’s soyabean production forecast to rebound
Soyabean production in Paraguay is forecast to rebound to 10.9M tonnes in 2025/26 due increased yields and a modest increase in planted area following weather-driven losses the previous year, according to a report by the US Department of Agriculture (USDA).
19 May 2025 -
China’s Zhejiang Jiaao Enprotech exports first SAF shipment
China’s Zhejiang Jiaao Enprotech has exported its first shipment of sustainable aviation fuel (SAF), Reuters wrote.
16 May 2025 -
P&H acquires Port of Quebec export terminal
Canadian grain company Parrish & Heimbecker (P&H) has acquired a deep-water bulk marine export terminal at the Port of Quebec from Societe En Commandite Terminal Grains.
16 May 2025 -
New SAF refinery in Port Klang planned
Abu Dhabi-based Bin Zayed International (BZI) and used cooking oil (UCO) recycling company FatHopes Energy (FHE) have announced a partnership to build a new sustainable aviation fuel (SAF) refinery in Port Klang, Malaysia.
15 May 2025 -
USA and China agree to slash tariffs for 90 days
The USA and China have reached an agreement to cut tariffs on each other’s goods by 115% for 90 days in a major de-escalation of their trade war, the BBC reported.
15 May 2025 -
Cargill, Louis Dreyfus and Amaggi win bids to operate three terminals at the Port of Paranaguá
Global agribusiness giant Cargill and a consortium formed by Louis Dreyfus Co and Brazilian grain trader Amaggi (ALDC) were among the winners of a competitive auction to operate three terminals at the Port of Paranaguá in Brazil for 35 years, World Grain wrote.
14 May 2025