Chinese soyabean imports from Brazil in the first two months of 2024 surged by over 200% compared to the previous year to 6.96M tonnes, according to figures from the country’s General Administration of Customs (GACC) reported by AgriCensus.

Production has started at Indonesia’s first red cooking oil facility, the Indonesian Palm Oil Association (GAPKI) reported.

Consumer goods giant Unilever has said it would split off its ice cream business unit and cut jobs as part of an extensive three-year cost-saving plan, the BBC reported.

Global chemicals and energy company Sasol and process technology specialist Topsoe have launched a 50/50 joint venture to produce sustainable aviation fuel (SAF).

The forecast for Argentina’s soyabean crop for the 2023/24 marketing year has been lowered due to a recent period of hot and dry weather, World Grain reported from a US Department of Agriculture (USDA) report.

The Chinese government has approved 27 genetically modified (GM) corn seed varieties and three GM soyabean varieties, Reuters reported.

A US$190M merger between Australian Oilseed Investments (AOI), the company behind Cootamundra Oilseeds, and US company EDOC Acquisitions Corporation would create an Asian oilseed giant, Grain Central reported.

Oilseeds production in Turkey is expected to increase in the 2024/25 marketing year compared to the previous year, due to larger soyabean, sunflowerseed and cottonseed crops resulting from favourable growing conditions, according to a report by the US Department of Agriculture (USDA).

The US Department of Agriculture (USDA) has forecast global soyabean production in the 2023/24 crop year to increase by 18.8M tonnes to total a record 397M tonnes, Germany’s Union for the Promotion of Oil and Plant Proteins (UFOP) reported.

Dutch algal oil supplier Veramaris has been authorised to provide its products to the Canadian aquafeed industry as an alternative to fish oils.

The European Commission (EC) has proposed increasing tariffs on imports of cereals, oilseeds and grain products into the European Union (EU) from Russia and Belarus in a bid to placate farmers and some member states, AgriCensus reported.

Malaysian oil palm waste recycling company Gamalux Oils has set a target of producing 100,000 tonnes/year of feedstock for sustainable aviation fuel (SAF) by the end of this year, the Borneo Post wrote.

Global agribusiness giant ADM’s 2023 profits dropped by 20% due to a decline in volumes, higher manufacturing costs and increased corporate costs related to higher interest rates, World Grain wrote.