Oils & Fats International News
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EU oilseed production forecast to rise 3%
Oilseed production in the European Union (EU) is forecast to rise by 3% in 2022/23, according to a report by Foreign Agricultural Service (FAS) analysts at the United States Department of Agriculture (USDA).
26 October 2022 -
Companies team up to offer blockchain for US hemp industry
Blockchain company Global Compliance Applications Corp (GCAC) has teamed up with technology provider ThingBlu and hemp supplier B&M Products and Services to offer blockchain for the US hemp industry, GCAC announced on 11 October.
25 October 2022 -
Eni exports first delivery of vegetable oil for biorefining from Kenya
Italian oil and gas company Eni has started exporting vegetable oil for biorefining from its processing plant in Kenya.
25 October 2022 -
Turkey set for record sunflowerseed crop
The sunflowerseed crop in Turkey is expected to reach a record level in the current marketing year, according to the latest forecast by the United States Department of Agriculture (USDA) reported by World Grain.
25 October 2022 -
Study shows one-third of global olive oil production comes from intensive farming
A new report has found that high density groves account for more than a third of global olive oil production, Olive Oil Times wrote on 10 October.
24 October 2022 -
CEPSA completes first trial of its marine biofuel produced from used oils
Spanish multinational oil and gas company Cepsa has completed its first trial of marine biofuel produced from used oils, the company announced.
24 October 2022 -
USDA forecasts 2M tonnes rise in global 2022/23 oilseed production to 657M tonnes
Global oilseed production in 2022/23 is expected to rise by 2M tonnes to 647M tonnes, according to the United States Department of Agriculture (USDA)’s October report on the sector.
24 October 2022 -
Cargill to increase marine fleet’s use of biofuels and methanol to cut emissions
Global agribusiness giant Cargill has said it aims to increase its use of biofuels in a bunkering trial and plans to order methanol-fuelled ships in a bid to cut emissions, Reuters reported a senior executive from the company as saying.
21 October 2022 -
Argentine farmers sell record volume of soyabeans through special exchange rate for producers
Farmers in Argentina sold a record volume of soyabeans – more than 13.7M tonnes – in September, following the government’s introduction of a special exchange rate for producers, according to a report by the United States Department of Agriculture (USDA).
21 October 2022 -
Indian September palm oil imports rise by 18%
Palm oil imports in India rose by 18% compared to the previous month, AgriCensus reported from information published by the Solvent Extractors’ Association of India (SEA).
20 October 2022 -
International Grains Council lowers global soyabean forecast
The International Grains Council (IGC) has lowered its global soyabean forecast, according to a report by Germany’s Union for the Promotion of Oil and Protein Plants (UFOP).
20 October 2022 -
Sharp drop in vegetable oils prices leads FAO Food Price Index to fall for sixth consecutive month
A sharp drop in international prices of vegetable oils has led the benchmark United Nations’ Food and Agriculture Organization (FAO) Food Price Index to fall for the sixth consecutive month, according to the FAO’s latest report.
19 October 2022 -
Indonesia plans to extend palm oil export tax waiver to end of year
The Indonesian government is planning to extend a palm oil export tax waiver until the end of the year, Reuters reported the country’s chief economic minister as saying.
19 October 2022
