Oils & Fats International News
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Ukraine completes winter rapeseed planting
The winter rapeseed planting campaign in Ukraine was completed in the week ending 26 September, AgriCensus reported from official government data.
29 September 2022 -
Industry expert forecasts 30% slump in palm oil prices
Palm oil prices look set to drop by 30%, The Edge Markets quoted industry expert and Godrej International director Dorab Mistry as saying.
29 September 2022 -
Up to 15% of Ukrainian crop storage facilities destroyed, damaged or controlled by Russia
Around 15% of Ukrainian crop storage facilities has been destroyed, damaged or controlled by Russia and its forces since it invaded the country, US non-governmental organisation the Conflict Observatory was quoted as saying in a World Grain report.
28 September 2022 -
Indonesia unlikely to lift DMO palm oil policy but may increase export quota instead
The government of Indonesia is unlikely to remove its current Domestic Market Obligation (DMO) policy on palm oil but might increase the current export quota instead, AgriCensus quotes a senior official from the Indonesian Palm Oil Association (Gapki) as saying.
28 September 2022 -
Stepan to acquire surfactants producer PerformanX
US speciality chemicals company Stepan has agreed to acquire surfactants producer PerformanX Specialty Chemicals, the Independent Commodity Intelligence Services (ICIS) reported.
27 September 2022 -
EU rejects attempt to further limit crop-based biofuels
The European Parliament has voted to reject amendments that would have put further restrictions on crop-based biofuels, Ethanol Producer magazine wrote.
27 September 2022 -
Biden announces tentative agreement to avert rail strike
US President Joe Biden announced a tentative agreement with railway workers just hours before they were due to start a strike, World Grain reported.
26 September 2022 -
PRONATEC organic cocoa bean processing plant in Switzerland starts production
Swiss organic chocolate and food raw materials supplier PRONATEC’s cocoa processing plant in Beringen, Switzerland, has started production, the company announced.
26 September 2022 -
China reduces forecasts for 2021/22 edible oil production and imports
Forecasts for edible oil production and imports in China for 2021/22 have been cut due to higher international prices and lower import margins, according to the monthly update to the country’s Agriculture Supply and Demand Estimates (Casde) reported by AgriCensus.
26 September 2022 -
Bunge to sell Russian oilseed processing business
Global agribusiness giant Bunge has agreed to sell its oilseed processing business in Russia to Karen Vanetsyan, the controlling shareholder of Exoil Group, the company announced on 19 September.
23 September 2022 -
Putin speech increases war risks and raises fears over export corridor
A speech by Russian President Vladimir Putin announcing plans for partial military mobilisation has increased war risks and raised concerns over Ukraine’s export corridor agreement, AgriCensus reported on 21 September.
23 September 2022 -
Bayer wins fifth consecutive Roundup trial
A US jury has found that German chemical giant Bayer’s Roundup weedkiller did not cause defendants’ cancer – the company’s fifth consecutive trial victory over such claims, No-Till Farmer reported several media outlets as saying.
22 September 2022 -
Aemetis signs 10 SAF and HVO supply deals worth US$7bn with 10 airlines
US renewable fuels company Aemetis has announced that it has agreed 10 sustainable aviation fuel (SAF) and hydrotreated vegetable oil (HVO) supply deals worth US$7bn with 10 airlines.
22 September 2022
