Oils & Fats International News
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Argentina extends fourth soya dollar scheme due to low foreign exchange reserves ahead of upcoming presidential election
The Argentine government has extended the country’s fourth ‘soya dollar’ scheme until 25 October in a bid to boost foreign exchange reserves and contain the dollar rise ahead of this month’s presidential election, AgriCensus reported.
03 October 2023 -
VARO set to build SAF production facility in Rotterdam
European energy company Varo Energy has announced plans to invest US$600M in building a sustainable aviation fuel (SAF) facility at the Gunvor Energy Rotterdam site in the Netherlands.
02 October 2023 -
Egypt’s GASC picks up 63,000 tonnes of sunflower oil
Egyptian state-backed importing agency General Authority for Supply Commodities (GASC) has reportedly purchased more than 60,000 tonnes of sunflower oil after concluding a tender, trade sources told AgriCensus.
02 October 2023 -
EU to ban “greenwashing” and improve consumer information on product durability
The European Parliament and European Council have reached a provisional agreement on new rules to ban misleading marketing and provide clearer product information, according to a statement on the European Parliament website.
02 October 2023 -
New research shows surfactants can cause chemicals founds in aerosols to last longer in air
A UK research study has found that hazardous chemicals commonly found in aerosols, such as those produced by cooking and cleaning, can be ‘protected’ in 3D structures formed by surfactants, causing them to last longer in the air.
29 September 2023 -
Research into boosting photosynthesis in plants could improve yields
A project team at the University of Illinois in the USA is researching how to genetically adapt plants to increase their yields by improving their ability to photosynthesise, according to a BBC report.
29 September 2023 -
German rapeseed oil exports increase 19% in 2022/23 after previous year’s significant decline
Germany’s rapeseed oil exports in the 2022/23 marketing year (MY) increased by 19% to just under 1.3M tonnes following a significant decline the previous year, according to a report by Germany’s Union for the Promotion of Oil and Plant Proteins (UFOP).
28 September 2023 -
Indonesia attorney general launches corruption investigation into palm oil fund agency
The Indonesian Attorney General’s Office (AGO) has launched a corruption investigation into the country’s palm oil fund agency, which oversees the collection and distribution of export taxes on the commodity, Reuters wrote.
28 September 2023 -
USDA confirms reference to Neste’s receipt of fraudulent UCO from China in report was a mistake
The United States Department of Agriculture (USDA) has confirmed publicly that a statement in its Biofuels Annual Report alleging that Finnish renewable fuels producer Neste might have received fraudulent used cooking oil (UCO) volumes from China was a mistake, according to a report by Quantum Commodity Intelligence.
27 September 2023 -
FEFAC notes progress in ‘responsible soya usage’
European Union (EU) feed manufacturers’ federation (FEFAC) has noted the progress made in “responsible soya usage’ following the recent publication of the European Soy Monitor 2021, World Grain wrote.
27 September 2023 -
Clean Fuels publishes outlook on global UCO supply for biodiesel and renewable diesel production
Global used cooking oil (UCO) supply is expected to increase from 14bn litres (3.7bn gallons) in 2022 to 18.9bn-37.8bn (5bn-10bn gallons) by 2030, according to a new report by US trade association Clean Fuels Alliance America.
27 September 2023 -
Syria restricts olive oil exports due to forecasts of reduced harvest
With olive oil production in Syria expected to drop by 50% in the 2023/24 crop year, the government has banned exports in a bid to halt price rises, Olive Oil Times reported.
27 September 2023 -
Montana Renewables expands feedstocks to include camelina
US renewable fuel company Montana Renewables (MRL) has expanded feedstock used at its Great Falls production facility in Montana to include camelina, PR Newswire reported.
26 September 2023