US soyabean processor Epitome Energy is moving forward with its plan to build a new US$418bn soyabean crushing plant in Grand Forks, North Dakota.

Increasing US demand for soyabean oil driven by biodiesel policies will continue to hold back exports of the commodity in the 2023/24 marketing year, according to a report by the United States Department of Agriculture (USDA).

German chemical and biotech giant BASF has expanded production of ethylene oxide (EO) and its derivatives at its Verbund site in Antwerp, Belgium.

Greece has been hit by a spate of olive oil thefts as prices for the commodity soar due to a poor harvest in the country, The Guardian wrote.

The maritime industry’s rising demand for reduced emissions bunkering fuel could be met by lower grade products – such as biodiesel that does not meet road fuel standards – according to an Argus Media report of its conference on the sector.

Global agribusiness giant Archer Daniels Midland (ADM)’s share price dropped by 3.5% to US$69.85 following the announcement of its third quarter profit, Reuters reported.

Chinese biomass-based diesel (BBD) exports are surging, according to a report by the United States Department of Agriculture (USDA) reported by Biodiesel magazine.

Soyabean production in Brazil is forecast to reach a record level of 162M tonnes in the 2023/24 marketing year with planting continuing at pace, according to a report by the US Department of Agriculture (USDA).

Food regulators in the UK have reduced the recommended safe daily dose of cannabidiol (CBD) due to possible health risks, The Guardian reported.

A research team in Colombia has studied using palm oil bio-waxes as an alternative to petroleum products in cosmetics, Cosmetics Design Europe wrote on 12 October.

Ukrainian grain and oilseeds crop sector losses could exceed US$3.2bn this year due to rising logistic costs combined with increased fuel and fertiliser prices, which could lead to reduced planted areas in the next few years, Reuters reported farmers unions as saying.

A Russian export company has signed a grain export deal with China, Reuters reported.

The US Department of Agriculture (USDA) has confirmed that hemp grown using genetic engineering (GE) does not pose a risk to crops, Business of Cannabis reported.