Oils & Fats International News
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Bursa Malaysia and Dalian Commodity Exchange sign licensing agreement for soyabean oil futures settlement price
Bursa Malaysia Derivatives Berhad and Chinese derivatives exchange Dalian Commodity Exchange (DCE) have signed a licensing agreement for a soyabean oil futures settlement price.
14 November 2023 -
China approves 51 new GM varieties of corn and soyabeans
The Chinese government has approved 51 new genetically modified (GM) varieties of corn and soyabeans, Agri Pulse reported.
14 November 2023 -
Bunge to partner Bangkok Produce Merchandising Public Company on soyabean traceability using blockchain
Global agribusiness giant Bunge has formed a partnership with Bangkok Produce Merchandising Public Company (BKP) to develop a soyabean traceability blockchain.
13 November 2023 -
Yield10 Bioscience and BioMar sign deal to produce omega-3 oil from camelina
US agricultural bioscience company Yield10 Bioscience and the Danish aquafeed supplier the BioMar Group have signed an agreement to produce omega-3 oil from camelina.
13 November 2023 -
Oil World forecasts rise of only 1.2% in world vegetable oil production for 2023/24 season
Global vegetable oil production is expected to rise by only 1.2% in the September 2023/October 2024 season, according to forecasts by Oil World reported by Spanish vegetable oil company Lipsa.
13 November 2023 -
ADM to rethink plant-based investment due to reduced demand for meat alternatives
Global agribusiness giant Archer Daniels Midland (ADM) is rethinking its US$300M plan to expand production of alternative proteins due to decreasing interest in plant-based foods, Food Dive quoted the company’s CEO Juan Luciano as saying.
10 November 2023 -
RSPO producers in Latin America produce 2M tonnes of certified sustainable palm oil
Farmers registered with the Roundtable on Sustainable Palm Oil (RSPO) in Latin America have produced 2M tonnes of certified sustainable palm oil (CSPO), the RSPO announced.
10 November 2023 -
UK reviews countervailing measures on biodiesel from Argentina
The UK government’s Trade Remedies Authority (TRA) has launched a review into countervailing measures on biodiesel imported from Argentina.
09 November 2023 -
Russian attack at Pivdennyi port hits commercial vessel days after major air strike at Odessa damages Ukrainian grain storage facilities and infrastructure
An attack by Russia on the port of Pivdennyi on 8 November hit a commercial vessel, AgriCensus reported Ukrainian authorities as saying.
09 November 2023 -
Ocean freight rates for US grain drop in third quarter
Ocean freight rates for shipping grain from the US Gulf and Pacific Northwest dropped in the third quarter compared to the previous quarter and the previous year, according to a report by the United States Department of Agriculture (USDA)) reported by World Grain.
08 November 2023 -
Mississippi barge rates dropping despite little improvement in water levels
Barge rates on the Mississippi river are dropping despite water levels remaining low and ongoing restrictions on barge movements, FreightWaves reported.
08 November 2023 -
Sumitomo Chemical building ethanol-to-propylene pilot facility in Japan
Leading Japanese chemical company Sumitomo Chemical has started building an ethanol-to-propylene pilot facility in Japan.
07 November 2023 -
LDC constructing soyabean processing plant in Ohio
Global agribusiness giant Louis Dreyfus Company (LDC) is building a soyabean processing plant in Upper Sandusky, Ohio.
07 November 2023