Oils & Fats International News
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ADM cancels conference call with analysts due to more concerns about accounting practices
Global agribusiness giant ADM cancelled a conference call with analysts to discuss its third-quarter earnings due to more concerns about its accounting practices, World Grain reported.
19 November 2024 -
BASF partners with Acies Bio to develop fermentation technology to produce fatty alcohols
German chemical and biotech giant BASF is working in partnership with biotechnology company Acies Bio on a project to develop fermentation technology to produce fatty alcohols from methanol.
18 November 2024 -
US sunflower planted area drops to new low following acreage expansion of other oilseed crops
Sunflower planted area in the USA dropped to a record low in the 2024/25 marketing year, according to a report by the US Department of Agriculture (USDA)’s National Agricultural Statistics Service.
18 November 2024 -
EUDR delay confirmed after European Parliament vote
The European Parliament has voted to delay the implementation of the EU Deforestation Regulation (EUDR) by one year.
15 November 2024 -
Indonesian Palm Oil Association raises concerns with B50 programme amid stagnant production
The Indonesian Palm Oil Association (GAPKI) has raised concerns over challenges facing the palm oil industries following the government’s plans to increase the country’s palm oil-based biodiesel mandate to 50% (B50).
15 November 2024 -
Burcon develops canola-based egg replacement
Canadian food tech company Burcon NutraScience has developed a canola-based egg replacement for use in bakery applications.
14 November 2024 -
Canadian rapeseed exports expected to rise by 30%
Canada is forecast to export 8.7M tonnes of rapeseed in the current season – almost 30% more than in 2023/24, according to research by Agrarmarkt Informations-Gesellschaft reported by Germany’s Union for the Promotion of Oil and Protein Plants (UFOP).
14 November 2024 -
Singapore overtakes Rotterdam as world’s largest bio-bunkering port
Singapore overtook Rotterdam as the largest global bio-bunkering port in the third quarter of this year, according to Ship & Bunker data reported by Port News.
13 November 2024 -
GrainCorp rolls out sustainability initiative
Leading Australian agribusiness and processing company GrainCorp has launched an initiative to develop a low carbon emissions supply chain for grains and oilseeds.
13 November 2024 -
Fuji Oil Asia to build speciality oils and fats refinery in Malaysia
Japanese oils and fats company Fuji Oil Asia has signed an agreement with palm oil producer Johor Plantations Group (JPG) to build a speciality oils and fats refinery in Malaysia, The Star wrote.
12 November 2024 -
Cargill and Bunge reduce soyabean purchases due to uncertainty over US biofuels policy
Global agribusiness giants Cargill and Bunge have reduced their purchases of soyabeans due to uncertainty over the US biofuels policy, Bloomberg wrote.
12 November 2024 -
Malaysian Palm Oil Board targets 90% of smallholders to achieve MSPO certification by end of next year
The Malaysian Palm Oil Board (MPOB) has set a target of more than 90% of independent smallholders (ISH) to achieve Malaysian Sustainable Palm Oil (MSPO) certification by the end of next year, The Star reported.
11 November 2024 -
Starbucks drops extra virgin olive oil-infused coffee range
Leading coffee chain Starbucks is dropping its range of extra virgin olive oil-infused coffee in the USA and Canada, according to a BBC report.
11 November 2024