Oils & Fats International News
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Global rapeseed area to increase slightly
The global area planted to rapeseed is likely to reach 35.6M ha in the 2021/22 crop year, a 1.4% increase on the current crop year, according to recent information published by the International Grain Council (IGC).
14 January 2021 -
Palm biodiesel exports forecast to remain low
Palm methyl ester (PME) exports by major suppliers Malaysia and Indonesia are set to remain low in the first half of this year due to the wide palm oil-gas oil (POGO) spread, which makes biodiesel expensive to blend with regular diesel, S&P Global Platts reported on 4 January.
13 January 2021 -
USA to block palm oil imports from Sime Darby Plantation
The US Customs and Border Protection (CBP) office has issued a detention order on palm oil produced by Malaysia’s Sime Darby Plantation Berhad, based on information indicating the use of forced labour.
12 January 2021 -
EC to review imports from Verbio Diesel Canada
The European Commission (EC) will review Verbio Diesel Canada’s exports of biodiesel into the bloc for nine months to determine whether they should be exempt from anti-dumping duties.
11 January 2021 -
Calyxt to sell entire 2020 high oleic soyabean crop to ADM
US biotech company Calyxt Inc has contracted to sell its entire 2020 gene-edited soyabean crop to agribusiness giant ADM.
11 January 2021 -
Brexit deal assures tariff-free trade for oils
A Brexit deal made at the eleventh hour between the EU and UK will mean tariff-free trade between the two regions, Olives Oil Times wrote on 4 January.
08 January 2021 -
Malaysian palm oil production to increase to 19.6M tonnes in 2021
Malaysian palm oil production is expected to increase slightly by 200,000 tonnes to 19.6M tonnes in 2021, against 19.4M tonnes a year ago, the Malaysian Palm Oil Trade Fair and Seminar 2021 (POTS Digital 2021) heard on 5 January.
08 January 2021 -
LanzaTech turns CO2 emissions into lipids and omega-3 fatty acids
US biotech firm LanzaTech has reported successfully turning waste carbon into lipids and omega-3 fatty acids.
07 January 2021 -
UK to maintain biodiesel anti-dumping duty against Argentina post-Brexit
The UK will retain anti-dumping duties on biodiesel originating from Argentina following Brexit on 1 January, according to a UK Department for International Trade notice.
07 January 2021 -
Cargill acquires minority stake in Pakistan’s Port Qasim grain terminal
Global agribusiness giant Cargill has acquired a minority equity stake in Fauji Akbar Portia Marine Terminal Limited (FAP), a leading Pakistani bulk terminal operating at Port Qasim, Karachi, Daily Pakistan reports.
06 January 2021 -
BASF sells Illinois production site for sterols, vitamin E, anionic surfactants and esters
BASF has agreed to sell its Illinois manufacturing site of vegetable oil-based raw material sterols and natural vitamin E, anionic surfactants and esters.
06 January 2021 -
Glencore Agriculture rebrands to Viterra
Glencore Agriculture’s operations in Australia, Brazil, Egypt, Kazakhstan, New Zealand, Romania, Russia and Ukraine are scheduled to rebrand in May 2021 following the company’s official renaming to Viterra at the end of November.
05 January 2021 -
FAO vegetable oil price index hits multi-year high
The United Nations’ Food and Agriculture Organization (FAO)’s vegetable oil price index reached its highest level since April 2014 in November last year, driven by firming prices for all vegetable oils, especially palm.
05 January 2021
