Oils & Fats International News
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IGC forecasts marginal increase in global rapeseed area for 2025 harvest
The global rapeseed area for the 2025/26 marketing season has been estimated at 44.1M ha, according to International Grains Council (IGC) estimates reported by Germany’s Union for the Promotion of Plants and Protein (UFOP).
13 December 2024 -
Putin approves sale of Louis Dreyfus elevator unit in Russia to unnamed buyer
Russian President Vladimir Putin has approved the sale of an elevator unit owned by global agribusiness giant Louis Dreyfus Company (LDC) to an unnamed buyer, Reuters reported from a government document.
12 December 2024 -
Tariffs could cut US agricultural exports to China
A 60% tariff on Chinese goods proposed by US President-elect Donald Trump before he was elected could lead to a dramatic drop in US corn and soyabean exports to China, according to a study published by the National Corn Growers Association (NCGA) and American Soybean Association (ASA).
12 December 2024 -
EU fertiliser industry hit by low-cost Russian fertilisers
The fertiliser industry in the European Union (EU) is being impacted by surging sales of low-cost Russian fertilisers, according to a World Grain report.
11 December 2024 -
Indian edible oil body urges government to lift ban on futures trading in edible oils
The Solvent Extractors’ Association of India (SEA) has urged the Indian government to lift the ban on futures trading in edible oils to support farmers, the Business Standard reported.
11 December 2024 -
Above-average temperatures prompt Indian farmers to move away from rapeseed
Indian farmers have been moving away from rapeseed planting, despite higher prices for the crop, due to above-average temperatures impacting the crop, Economic Times reported from a Reuters story quoting industry officials.
10 December 2024 -
First RSPO identity preserved certified sustainable palm oil delivered to China
The first shipment of Roundtable on Sustainable Palm Oil (RSPO) identity preserved (IP) certified sustainable palm oil has been delivered to China.
10 December 2024 -
Unilever partners with Nufarm to develop plant-based oils for cleaning ingredients
Consumer goods giant Unilever has formed a partnership with Australian agricultural chemical firm Nufarm to develop plant-based oils for cleaning ingredients.
09 December 2024 -
Record year for global oilseed production
Global oilseed production is set to reach a record level this season due to bumper soyabean harvests and increased palm kernel oil (PKO) production, according to US Department of Agriculture (USDA) estimates reported by Germany’s Union for the Promotion of Plants and Protein (UFOP).
09 December 2024 -
Alfa Laval secures US$31.8M in contracts to supply technology to Cepsa Bioenergia’s joint venture with Bio-Oils Energy
Swedish fluid handling, centrifugal and heat transfer company Alfa Laval has secured US$31.8M (SEK350M) in contracts to supply technology to Cepsa Bioenergia San Roque’s biofuel joint venture with Bio-Oils Energy in Huelva, Spain.
06 December 2024 -
Bunge achieves traceability target in Brazil
Global agribusiness giant Bunge has achieved its 100% traceability and monitoring target for its direct and indirect soyabean purchases in priority regions of the Cerrado biome in Brazil, World Grain reported.
06 December 2024 -
Bangchak enters SAF supply agreement with Shell
Thai energy company Bangchak Corporation has entered a sustainable aviation fuel (SAF) supply agreement with Singapore-based Shell International Eastern Trading Company (Shell).
05 December 2024 -
Milei plans to privatise Paraguay-Paraná waterway
Argentina’s president Javier Milei is planning to privatise operations on the Paraguay-Paraná waterway, a key shipping route in the region, according to a report by The Guardian.
05 December 2024