Oils & Fats International News
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Australia’s canola output forecast to rebound
Canola production in Australia is expected to rebound in 2020-21 after several years of below average output due to drought, according to a US Department of Agriculture (USDA) report on 6 April.
21 April 2020 -
Malaysia to delay nationwide B20 rollout plans due to COVID-19 restrictions
Plans to step up the use of 20% palm oil in biodiesel in Malaysia have been delayed due to curbs on movement imposed to contain the COVID-19 pandemic, Today reported on 16 April.
21 April 2020 -
China’s Sinograin releases 500,000 tonnes of reserve soyabeans to COFCO
China’s state-owned grain stockpiler Sinograin has released 500,000 tonnes of national soyabean reserves to COFCO amid low stock levels and weak imports in March, trade sources told Agricensus on 7 April.
20 April 2020 -
EU FAME biodiesel producers will be hardest hit by COVID-19
Biodiesel consumption in the EU could fall by 2M tonnes this year as drivers stay home due to novel coronavirus (COVID-19) travel restrictions, FO Licht said in a 3 April report.
17 April 2020 -
Turkey’s palm oil imports to drop 10% due to weaker demand from HoReCa sector
Turkey’s palm oil imports this year will drop by around 10% to around 690,000M tonnes due to weaker demand from the hotel, retail and catering (HoReCa) sector, according to forecasts by the Malaysian Palm Oil Council (MPOC).
16 April 2020 -
Shipping faces disruption due to COVID-19
Transport restrictions put in place to curb the spread of the COVID-19 virus had caused serious disruption to the flow of trade, according to a report by the Malaysian Palm Oil Council (MPOC).
16 April 2020
