Production has begun at the Green Bison soyabean processing facility in Spiritwood – a joint venture between global agribusiness giant Archers Daniels Midland (ADM) and US refiner Marathon Petroleum.

German chemical giant Bayer recorded its largest drop in market value for more than a decade on 20 November with a loss of approximately US$8.3bn due to legal and drug development setbacks, according to a Fortune report.

Canada exported 3M tonnes of rapeseed oil in the 2022/23 marketing year (MY) with a record volume of 2.6M tonnes imported by the USA, according to a report by the United States Department of Agriculture (USDA).

Certified palm oil use in the European Union (EU) dropped by 1% in 2022 compared to the previous year, according to a survey by trade association FEDIOL announced on 13 November.

Increased competition among Chinese crushing companies was hitting profitability in the sector and leaving half of the potential production capacity idled due to poor margins, representatives of two leading Chinese crushing companies were quoted as saying at a forum in Dalian, AgriCensus wrote.

US production of sustainable aviation fuel (SAF) is behind the 11.35bn litres (3bn gallons)/year by 2030 target set by US President Joe Biden, according to analysts quoted in a report by Reuters.

International human rights law foundation Global Rights Compliance (GRC) has published a report claiming it has found evidence of pre-planning by Russia to steal more than US$1bn/year of Ukrainian grain to fund its war effort.

A Missouri court has ordered German chemical giant Bayer to pay US$1.56bn to four claimants who alleged the company’s glyphosate-based Roundup weedkiller caused injuries including cancer, Reuters reported.

Indonesia has announced plans to have around 200,000ha of oil palm plantations found in areas designated as forests returned to the state to be converted back to forests, Reuters reported a government official as saying.

Global energy and commodity price reporting agency Argus has launched a new Mediterranean marine biodiesel price for B24, a blend of 24% used cooking oil methyl ester (UCOME) and 76% very low sulphur fuel oil (VLSFO).

China’s largest food and agricultural company COFCO International and milk product producer Modern Farming Group have signed a ‘deforestation free’ soyabean supply agreement with Brazil, the world’s top supplier of the oilseed, Reuters reported.

Brazil-based agribusiness consultancy AgRural has lowered its forecast for the country’s 2023/24 soyabean crop due to a heatwave in top producing region Mato Grosso state, Hellenic Shipping News reported on 14 November.

Leading biotechnology company Novozymes has launched an enzymatic solution for renewable diesel feedstock pre-treatment.