Glencore’s agriculture division Viterra has confirmed its plans to reduce its presence in the Russian market, AgriCensus reported.

International beauty giant L’Oréal has invested in a venture led by biotech company Geno to create plant-based alternatives to key beauty product ingredients alongside other leading companies.

Brazilian palm oil producer Agropalma has had its certificate issued by the Roundtable on Sustainable Palm Oil (RSPO) “temporarily suspended”, Mongabay wrote.

Global agribusiness giant Louis Dreyfus Company (LDC) has announced a 44% increase in net profit in 2022.

US food giant the Kellogg Company (Kellogg’s) has announced plans to split its activities into two distinct businesses for snacking and cereal, each to be given a new company name, Food Dive reported.

Global agribusiness giant Cargill has announced it would stop elevating Russian grain exports from I July at the start of the new export season, World Grain reported.

Bolivia’s state-owned oil company Yacimientos Petroliferos Fiscales Bolivianos (YPFB) has announced plans to invest US$40M in a second biodiesel plant in El Alto, Biobased Diesel Daily reported.

Finnish renewable fuels producer Neste has announced it is aiming to set up an algae pilot production facility in Spain in a bid to increase the company’s supply of raw materials.

Palm oil production in Indonesia in the 2023/24 marketing year is expected to increase by 3% to 46M tonnes compared to the previous year due to improved yields, according to a report by the United States Department of Agriculture (USDA).

The world’s largest mass microalgae biomass production facility is due to open to this month in the Malaysian state of Sarawak, according to a report in the Borneo Post.

Rapeseed prices in Europe dropped below €450/tonne (US$488/tonne) on 21 March, AgriCensus reported.

US employee-owned agribusiness Scoular has announced that it would be converting a sunflower facility in Goodland, northwest Kansas, into a soyabean/canola crushing plant.

A merger to create the first single-line railway connecting the USA, Mexico and Canada has been approved by the US Surface Transportation Board (STB).