Oils & Fats International News
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Poland ends arms supplies to Ukraine over ongoing grain dispute
The Prime Minister of Poland has announced the country has stopped supplying arms to Ukraine as its ongoing dispute over grain imports escalates, The Guardian reported.
26 September 2023 -
Interest in sustainable materials continues despite slowdown in surfactants demand this year
Global interest in sustainable materials continued to surge despite a slowdown in demand for surfactants this year, Happi reported.
25 September 2023 -
OMV starts up biofuels plant at Schwechat refinery
Austrian energy company OMV has started up a new biofuels plant at its Schwechat refinery, a company executive was quoted as saying in a Reuters report.
25 September 2023 -
Chinese scientists develop new gene-editing tool that does not use CRISPR
A team of scientists in Beijing has developed a new gene-editing tool that does not use CRISPR technology, the South China Morning Post (SCMP) reported.
25 September 2023 -
Global olive oil prices surge due to low supplies
Olive oil prices have surged worldwide due to low supplies driven by off-year growing cycles and extremely dry weather in much of the Mediterranean, according to a report by the United States Department of Agriculture (USDA).
22 September 2023 -
Aemetis completes expansion of Indian biodiesel plant a year ahead of schedule and increases annual production capacity to 60M gallons
US renewable fuels company Aemetis has completed the expansion of its biodiesel plant in India a year ahead of schedule resulting in an increase in production capacity to 60M gallons/year (227M litres/year).
21 September 2023 -
Russia and China agree to build new grain hub on border
A new agreement has been reached between Russia and China to build a new grain hub on the border of the two countries, the South China Morning Post (SCMP) reported.
21 September 2023 -
EU oilseed production forecast to rise by 6%
The European Union (EU)’s total production of three major oilseeds – rapeseed, soyabeans and sunflowerseeds – is expected to increase by 6% in the 2023/24 marketing year (MY), according to a report by the United States Department of Agriculture (USDA).
20 September 2023 -
China raises estimates for soyabean imports and edible oil production
China has increased its estimates for the country’s imports of soyabean imports and production of edible oil, according to the monthly update of its China Agriculture Supply and Demand Estimates (Casde) reported by AgriCensus.
20 September 2023 -
Gunvor partners with Varo Energy in SAF manufacturing in Rotterdam
Global energy commodities trader Gunvor Group has formed a partnership with European energy company Varo Energy to produce sustainable aviation fuel (SAF) in Rotterdam, the Netherlands.
19 September 2023 -
FAO Vegetable Oil Price Index falls 3.1% in August
The Vegetable Oil Price Index dropped by 3.1% in August compared to the previous month after a short-lived increase in July, according to the benchmark United Nations’ Food and Agriculture Organization (FAO) Food Price Index.
19 September 2023 -
Ukraine acts on ‘compromise’ plan after filing WTO trade complaint over food import ban
Ukraine has appealed to three neighbouring countries in the European Union (EU) to enter “constructive dialogue” to end a dispute over agricultural trade, and approved what it called a “compromise scenario”, Reuters reported.
19 September 2023 -
MP Evans acquires over 8,000ha of oil palm plantations in Indonesia
London-listed palm oil producer MP Evans has acquired 8,350ha of oil palm plantations in Indonesia from PT Agro Bumi Kaltim (ABK) and PT Nusantara Agro Sentosa (NAS) for US$60M.
18 September 2023