The United States Department of Agriculture (USDA) has reduced its 2023/24 forecast for Indonesian palm oil production to 45.8M tonnes due to lower yields caused by El Niño-induced dryness.

Global agribusiness COFCO International has passed an independent benchmarking process and can now offer deforestation and conversion-free soyabeans in accordance with the European feed industry’s requirements.

Yemen’s Houthis said they hit a Norwegian commercial tanker carrying biodiesel feedstock from Malaysia to Italy with a missile in their latest protest against Israel’s bombardment of Gaza, Reuters reported.

Amendments to Pakistan’s biosafety guidelines will allow imports of genetically engineered (GE) soyabean and canola to resume, according to a report by the United States Department of Agriculture (USDA).

China has revised its measures on labelling agricultural genetically modified organisms (GMOs), according to a report by the United States Department of Agriculture (USDA).

Leading Asian agribusiness Wilmar International has signed an agreement with the government of Papua New Guinea to expand its agribusiness operations in the country, according to a report in the Post-Courier newspaper, World Grain wrote.

Process technology specialist Topsoe has been selected to provide technology at US biofuels producer Santa Maria Renewable Resources (SMRR)’s plant in East Texas, USA.

Global commodity exchange ACX has launched a biofuels physical trading platform in Abu Dhabi.

The World Trade Organization (WHO)’s Dispute Settlement Body (DSB) has agreed to a request submitted by Indonesia to review the European Union (EU)’s countervailing duties on Indonesian biodiesel imports, Biodiesel magazine reported.

An overnight Russian drone attack has damaged Ukrainian grain infrastructure near the Danube River, Reuters reported Odessa regional governor Oleh Kiper as saying.

The new Argentine government has devalued the peso by more than 50% as part of a package of spending cuts aimed at tackling the country’s worst economic crisis in decades, The Guardian reported.

Swiss food and drink giant Nestlé, US food and drink conglomerate the Coca-Cola Company and global food corporation Danone face legal scrutiny over ‘misleading’ claims made on bottle packaging, according to a report by GreenBiz.

Swedish fuel company Preem is planning to invest around US$527.5M in repurposing its refinery in Lysekil to produce hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF), PR Newswire wrote.