Colombian palm oil exports are expected to drop to 420,000 tonnes in 2024/25 due to growing domestic biodiesel demand, according to a report by the US Department of Agriculture (USDA).

Agricultural biotech company BioLumic has launched light-activated commercial seed traits for inbred corn, AgNewsWire reported.

Palm oil prices in Malaysia are expected to range between MYR4,400-MYR4,600 (US$994-US$1,039)/tonne in March, with emerging markets - such as Sub-Saharan Africa - filling the gap in demand from key buyers like India and China, according to the Malaysian Palm Oil Council (MPOC).

A new palm oil-based batik wax has been launched by a consortium of palm oil stakeholders and exhibited at Indonesian textile event INACRAFT in February.

India’s edible oil imports in February fell to their lowest level in four years, reducing stocks to their lowest figure in three years, according to a Reuters report quoting Solvent Extractors’ Association of India (SEA) data.

The European Investment Bank (EIB) has granted Portuguese petroleum company Galp Energia a total of €430M (US$469M) to finance two key projects at its Sines Refinery.

The European Commission (EC) announced on 12 March that it would be introducing tariffs worth €26bn on US goods in response to the USA imposing tariffs of up to 25% on EU steel and aluminium.

Chinese exports of used cooking oil (UCO) reached a record high in 2024, according to a report by the US Department of Agriculture (USDA).

The US Food and Drug Administration (FDA) has delayed the introduction of its new ‘healthy' label rule by about two months, CNN reported.

Global sustainability organisation the Roundtable on Sustainable Palm Oil (RSPO) has launched its new certification, trade and sustainability system.

The cost of rebuilding Ukraine’s agriculture sector is expected to be more than US$55bn, according to a joint report by the government of Ukraine, the World Bank Group, the European Commission (EC) and the United Nations (UN), reported by World Grain.

Key players in Europe’s aviation industry, including airlines, airports and manufacturers, have published a toolkit to fast-track sustainable aviation fuel (SAF) in Europe.

China has set higher grain and oilseed production targets and increased its 2025 budget for storing agricultural commodities in a bid to secure its long-term food security amid its trade war with the USA, World Grain reported from a Reuters article citing government data.