Oils & Fats International News
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Bunge set to acquire port-based refinery from Fuji Oil New Orleans
Global agribusiness giant Bunge – through its Bunge Loders Croklaan joint venture with IOI Corporation – has agreed to acquire a port-based refinery from Fuji Oil New Orleans in Louisiana, USA.
19 April 2023 -
LDC to expand canola facility in Yorkton, Canada
Global agribusiness giant Louis Dreyfus Company (LDC) will expand its canola processing complex in Yorkton, Saskatchewan, Canada.
18 April 2023 -
Ports of Indiana seeking operator for grain/soyabean shipping terminal
Ports of Indiana, the agency that operates Indiana’s public ports, has announced it is looking for potential operators for the international agricultural shipping terminal at Burns Harbor in Portage, Indiana, USA.
18 April 2023 -
KL Kepong completes Temix Oleo acquisition
Malaysia’s Kuala Lumpur Kepong Bhd (KLK) said on 11 April that it had completed its acquisition of a controlling stake in Milan-based Temix Oleo SpA for an undisclosed sum.
18 April 2023 -
Malaysian Biodiesel Association urges government to roll out B20 biodiesel programme nationwide
The Malaysian Biodiesel Association (MBA) has urged the government to introduce the B20 biodiesel programme nationwide to put Malaysia on par with national biodiesel mandates in other countries, such as Indonesia, which has started its B35 programme in February, the Malay Mail reported.
17 April 2023 -
Canadian ban on lambda-cyhalothrin insecticide may affect feed sector dynamics
A decision by Canada’s Pest Management Regulatory Agency (PMRA) to ban the domestic use of the insecticide ingredient lambda-cyhalothrin on grains and oilseeds for animal feed from this month could affect dynamics in the feed sector, according to a report by the United States Department of Agriculture (USDA).
17 April 2023 -
EU proposed agreement on RED III includes 5.5% target for advanced biofuels
A provisional agreement by the European Union (EU) on the revised Renewable Energy Directive (RED III) included a 5.5% target for advanced biofuels, the European Commission (EC) announced on 30 March.
17 April 2023 -
International Grains Council forecasts global sunflowerseed crop to reach 54.8M tonnes in 2023/24
Global sunflowerseed production is set to reach 54.8M tonnes in the 2023/24 marketing year, according to latest estimates by the International Grains Council (IGC) reported by Germany’s Union for the Promotion of Oil and Protein Plants (UFOP).
14 April 2023 -
OPEC surprise announcement to cut oil production passes on to vegetable oil prices
A surprise announcement by members of the OPEC group of oil producers to reduce output led to a strong reaction in crude oil prices and also passed on to vegetable oil prices, Lipsa reported.
14 April 2023 -
Malaysian palm oil stocks drop by more than 20%
Palm oil stocks in Malaysia fell to 1.67M tonnes in March from 2.12M tonnes the previous month – a drop of more than 20%, news service Bernama reported on 10 April.
13 April 2023 -
LDC to halt grain exports from Russia
Global agribusiness giant Louis Dreyfus Company (LDC) has announced it will stop exporting grain from Russia from 1 July.
13 April 2023 -
Bio-based lubricants market growing at 5.2% CAGR and set to reach US$4.9bn by 2032
The bio-based lubricants market is growing at 5.2% CAGR and is forecast to reach US$4.9bn by 2032, according to research by Acumen Research and Consulting reported by Globe Newswire.
12 April 2023 -
Logistics affecting Brazilian soyabean harvest
The soyabean harvest in Brazil is being hit by logistical problems, such as lack of storage, which have been affecting export prices, according to trade sources quoted by AgriCensus.
12 April 2023