Oils & Fats International News
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Indonesia’s attorney general office to question senior minister in palm oil investigation
Indonesia’s Attorney General’s Office (AGO) was planning to subpoena Coordinating Economic Minister Airlangga Hartarto for questioning as a witness in its investigation into a palm oil corruption case which led to the imprisonment of five people earlier this year, Asia News Network reported on 20 July.
28 July 2023 -
LDC and Global Clean Energy Holdings team up to promote camelina in Latin America
Global agribusiness giant Louis Dreyfus Company (LDC) has teamed up with renewable fuels company Global Clean Energy Holdings (GCEH) to promote camelina in Latin America, Biofuels Digest wrote.
27 July 2023 -
Malaysia raises August reference price for CPO export tax while maintaining 8% rate
The Malaysian government has maintained its crude palm oil (CPO) export tax rate for August at the maximum level of 8% while raising its reference price, AgriCensus quoted the Malaysian Palm Oil Board (MPOB) as saying in a circular.
27 July 2023 -
LDC grains and oilseeds warehouse opens in Argentina
Global agribusiness giant Louis Dreyfus Company (LDC) has opened its first grains and oilseeds warehouse in northwestern Argentina, World Grain reported.
26 July 2023 -
LDC set to expand Indonesian plant to add glycerine refining
Global agribusiness giant Louis Dreyfus Company (LDC) is set to add glycerine refining capabilities to its complex in Lampung, Indonesia, as part of an expansion of the facilities.
26 July 2023 -
Russia launches drone strikes on Ukrainian Danube
Russia launched drone strikes on Ukraine’s Danube ports of Reni and Izmail on 23 July, destroying grain silos and storage capacity as well as stock intended for loading, AgriCensus reported on 24 July.
26 July 2023 -
German sustainability schemes join forces to improve communication to tackle fraudulent UCO trade
Voluntary sustainability schemes in Germany have agreed to work together to improve communication to tackle trading of fraudulent used cooking oil (UCO), Biofuels Digest wrote.
25 July 2023 -
Insurance firms unlikely to cover risk of vessels transiting the Black Sea
Insurance companies are unlikely to risk covering vessels transiting the Black Sea following Russia’s 17 July withdrawal from the Black Sea Grain Initiative (BSGI) facilitating Ukrainian grain and oilseed exports, according to a 21 July AgriCensus report.
25 July 2023 -
Edible Oils invests in UK sites
Leading UK packaged oils supplier Edible Oils Limited (EOL) has completed an investment programme at its Erith and Belvedere sites in London.
24 July 2023 -
Argus acquires sustainable ag data firm Mercaris
Energy and commodity price reporting agency Argus has acquired agriculture price and analytics provider Mercaris in the USA.
24 July 2023 -
USDA expects drop in US soyabean production in 2023/24 to reduce exports while crushing remains strong
The United States Department of Agriculture (USDA) has lowered its latest forecast for US soyabean exports in 2023/24 to 50.4M tonnes following the publication of a National Agricultural Statistics Service (NASS) report which indicated a reduction in soyabean planted area.
24 July 2023 -
Cremer Óleo Paraguay gets go-ahead to export biodiesel to USA and Europe
Oleochemicals and logistics company Cremer Óleo Paraguay has been given the go-ahead to export biodiesel to Europe and the USA, Biofuels Digest reported.
21 July 2023 -
Russian government considers preferential tax for exports to “friendly” countries
The Russian government is working on amendments to its export policy that would allow a temporary reduction or the elimination of export taxes to countries it regards as “friendly”, AgriCensus reported on 18 July.
21 July 2023