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.

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.

Global agribusiness giant Louis Dreyfus Company (LDC) has announced it will stop exporting grain from Russia from 1 July.

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.

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.

German chemical and biotech giant BASF has set out its latest crop protection products, seeds and traits including advanced weed management solutions for farmers in the Americas and Europe for major crops such as soyabeans.

Chinese soyabean imports are forecast to reach 97M tonnes in the 2023/24 marketing year due to modest growth in the animal protein sector, according to a report by the United States Department of Agriculture (USDA).

Global oil giant Shell has announced it will not be going ahead with two biofuel and base oil projects it had proposed setting up in Singapore, Reuters reported a company spokesperson as saying.

The USA continues to lose its share of the soyabean export market, according to a report by the US Department of Agriculture’s Economic Research Service (ERS) reported by World Grain.

Biodiesel exports to Europe by major producers in Argentina are set to fall by 50% this year compared to last year due to severe drought affecting the country’s main productive regions, according to sources quoted in a report by local news website El Destape.

German chemical giant Bayer has launched legal action against four Missouri farmers in Missouri, USA, for allegedly spraying older versions of dicamba on its genetically-engineered (GE) soyabeans after the state’s cut-off date for spraying the herbicide, Investigate Midwest reported.

Palm oil stock levels in Indonesia dropped in January due to lower production and increased exports, according to data from the Indonesian Palm Oil Association (Gapki) reported by AgriCensus.

The Polish government has suspended Ukrainian grain imports into the country in response to claims by local farmers that cheap imports are undercutting the domestic market, World Grain quoted from a report in the Kyiv Independent on 10 April.