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.

Castor cultivation firm Casterra Ag, a subsidiary of Evogene, is set to expand its production of castor seeds in Brazil and Africa after signing agreements with existing and new seed producers in the two countries.

Futures and options exchange Bursa Malaysia Derivatives Berhad has announced it is now trading soyabean oil futures.

The Singapore government has launched a plan to decarbonise the country’s aviation sector, SAF magazine reported.

British multinational oil and gas company bp is planning to restructure its Gelsenkirchen site in Germany to produce lower-emission fuels including sustainable aviation fuel (SAF).

German chemical giant Bayer has plans to introduce a substitute for glyphosate – the active ingredient in Roundup weedkiller – within four years, The Peninsular quoted the company’s chief executive as telling local media.

The European Union (EU) is delaying the classification of countries under its anti-deforestation regulation following claims made by several governments in Asia, Africa and Latin America that the rules would be burdensome, unfair and put off investors, three EU officials told the Financial Times.

Leading US energy company Chevron and global agribusiness giant Bunge have finalised their oilseed feedstock venture.

A combination of stagnating global palm oil production and higher biodiesel mandates are likely to reduce supplies of the oil this year, leading to further price hikes, according to a Reuters report of the Palm and Lauric Oils Conference & Exhibition (POC2024) held in Malaysia this month.