Oils & Fats International News
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Olam Group considers selling up to an additional 10% of Olam Agri Holdings
Global food and agribusiness company Olam Group is considering selling up to an additional 10% of its stake in Olam Agri Holdings, according to a circular filed before an extraordinary general meeting.
28 June 2022 -
US soyabean oil prices rise due to tight supply and surging energy costs
Soyabean oil prices in the USA increased by more than a third in early June while petroleum prices rose by 45% during the same period, according to a report by the United States Department of Agriculture (USDA).
28 June 2022 -
Cargill set to close UK rapeseed crushing plant
Global agribusiness giant Cargill has announced it will close its rapeseed crushing plant in Hull, UK, by the end of the year due to “current market conditions”, World Grain reported.
27 June 2022 -
Edible Oils completes US$29.4M renovation of Erith site in UK
Leading UK supplier of packaged oils Edible Oils Limited (EOL) has announced the completion of the £24M (US$29.4M) renovation of its Erith site in London.
27 June 2022 -
FAO report forecasts global food import bill to hit US$1.8tn this year
The global food import bill is expected to increase by US$51bn to US$1.8tn this year, according to the latest Food Outlook report by the Food and Agriculture Organization of the United Nations (FAO).
27 June 2022 -
Turkey changes agricultural tender rules in bid to lower import prices
The Turkish government has changed the country’s agricultural tender rules in a bid to control surging import prices, trade sources told AgriCensus.
24 June 2022 -
Russian forces strike Ukraine’s Mykolaiv port and infrastructure for second time
The Ukrainian port of Mykolaiv has been hit by a second missile attack, with at least two grain and vegetable oil terminals hit by missiles, according to local sources quoted by AgriCensus.
24 June 2022 -
CHS set to add new grain storage facility in Minnesota
US agribusiness co-operative CHS has announced it will be building a new grain storage facility in Minnesota, USA.
23 June 2022 -
Ukrainian farmers complete spring planting
Farmers in Ukraine have finished their spring planting campaign, according to an official notice reported by AgriCensus.
23 June 2022 -
Bursa Malaysia completes first physical delivery for East Malaysia CPO futures contract in Sarawak
Futures and options exchange Bursa Malaysia Derivatives Berhad (BMD) has announced the completion of the first physical delivery of its East Malaysia Crude Palm Oil Futures Contract (FEPO) in the Malaysian state of Sarawak.
22 June 2022 -
Bayer wins fourth Roundup weedkiller case in USA
A US jury has found that German chemical giant Bayer’s Roundup weedkiller did not cause an Oregon’s man’s cancer – the company’s fourth consecutive trial victory over such claims, Reuters reported on 18 June.
22 June 2022 -
Cargill opens waste-based biodiesel plant in Belgium
Global agribusiness giant Cargill has announced the opening of an advanced biodiesel plant in Belgium to convert waste oils and residues into renewable fuel.
21 June 2022 -
Top agricultural exporting countries pledge action in bid to stabilise food prices and maximise yields
Leading agricultural exporting countries have pledged to stabilise food prices and maximise yields in a bit to strengthen global food security, Ein News reported.
21 June 2022