Oils & Fats International News
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US ethanol industry could face losses of $10bn due to COVID-19
Ethanol sales in the USA could fall by more than US$10bn in 2020 and the industry’s contribution to gross domestic product (GDP) could drop by nearly one-third due to the effects of the COVID-19 pandemic, according to analysis by the Renewable Fuels Association (RFA) published on 20 April.
05 May 2020 -
Bunge Loders Croklaan lowers 3-MCPDE levels in oils portfolio ahead of new legislation
Global speciality oils and fats supplier Bunge Loders Croklaan has lowered 3-MCPDE levels in its oils portfolio ahead of expected European legislation, the company announced on 21 April.
04 May 2020 -
Palm oil market to miss out on traditionally high Ramadan demand period
The palm oil sector is set to miss out on a traditional period of high demand as COVID-19 lockdowns during the Muslim holy month of Ramadan affects demand in key importing countries such as India, Pakistan and Bangladesh, Reuters reported on 21 April.
01 May 2020 -
Palm oil futures plunge
Malaysian palm oil futures plunged 7.5% on 21 April to their lowest level since last August in a reaction to US crude oil futures trading negatively the day before, AgriCensus reported.
30 April 2020 -
Bunge launches app to schedule grain freight in Brazil
Global agribusiness Bunge has launched an app which allows truck drivers to schedule grain freight in Brazil via their mobile phones.
30 April 2020 -
Low river level hits Paraguay’s soyabean exports
Paraguayan exporters are struggling to ship soyabeans due to low water levels in sections of the Paraná and Paraguay rivers, says Juan Carlos Munoz, head of Paraguay’s maritime and shipping chamber CAFyM.
29 April 2020
