Oils & Fats International News
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Officials in Uruguay expect another bumper olive harvest
Uruguay’s agricultural ministry and some independent agronomists expect another bumper olive harvest this year due to improved agronomic techniques and more groves entering maturity, Olive Oil Times reported.
07 March 2023 -
Starbucks launches extra virgin olive oil-infused coffee in Italy
Leading coffee chain Starbucks has launched a line of drinks infused with extra virgin olive oil in Italy.
07 March 2023 -
Cautious optimism for China’s hotel and restaurant sector post-COVID
There is cautious optimism for the hotel and restaurant sector in the People’s Republic of China (PRC) following the ending of its zero-COVID policy, according to a report by the United States Department of Agriculture (USDA).
07 March 2023 -
US agribusiness trade associations voice concerns on biotech framework
Trade associations representing the grain and oilseed sectors in the USA have asked the White House to provide more transparency, better communication and wider accountability by government agencies in the development and commercialisation of genetically-engineered (GE) products, World Grain wrote.
06 March 2023 -
Eni teams with PBF Energy in joint venture to develop Louisiana biorefinery
Eni Sustainable Mobility has formed a 50/50 joint venture with petroleum refiner and supplier PBF Energy to work in partnership on a bio-refinery in the USA, which is currently under construction on the site of PBF’s Chalmette refinery in Louisiana.
06 March 2023 -
Indonesian palm oil tycoon jailed for 15 years for corruption
One of Indonesia’s biggest palm oil tycoons has been sentenced to 15 years in prison and ordered to pay US$2.6bn for bribing officials to allow him to convert thousands of hectares of land in Sumatra into oil palm estates, Aljazeera reported on 24 February.
06 March 2023 -
Darling Ingredients to buy waste from new Iowa beef slaughterhouse
US renderer and renewable diesel producer Darling Ingredients has announced a waste off-take agreement for a new beef processing plant planned by Cattlemen’s Heritage Beef Company.
03 March 2023 -
Mexico to relax restrictions on GM corn imports
The government of Mexico has announced that it is relaxing its proposed ban on genetically modified (GM) corn imports in animal feed after the USA threatened trade retaliation, Reuters reported.
03 March 2023 -
Agribusiness giants set to meet increased demand in plant-based protein sector
The three largest US agribusiness companies – ADM, Bunge and Cargill – have made a series of investments in the plant-based protein sector in a bid to meet increasing demand from the food and feed industries, World Grain wrote.
02 March 2023 -
Draft increase in Danube-Black Sea canal could improve logistics for Ukraine’s shallow water ports
An increase in the depth of a canal linking the River Danube and the Black Sea could improve logistics for Ukraine’s shallow water ports and improve flows out if the grain corridor agreement broke down, AgriCensus reported trade sources as saying.
02 March 2023 -
Survey notes significant commercial use of novel aquafeed ingredients
The commercial use of novel aquafeed ingredients, such as insect meal, algae and single-cell proteins, reached significant levels for the first time in 2020, according to data by food research institute Nofima reported by Feed Strategy.
01 March 2023 -
Ukraine seeks extension of Black Sea Grain Initiative
Ukraine has asked Turkey and the United Nations to enter talks to extend the Black Sea Grain Initiative (BSGI) by at least one year and to include the port of Mykolaiv, a senior Ukrainian official was quoted as saying by Reuters.
01 March 2023 -
Pakistan’s GE import ban leads to drop in country’s soyabean imports
The Pakistan government’s recent ban on genetically-engineered (GE) imports has led to a significantly reduced forecast for soyabean imports in the 2022/23 marketing year, according to data from the US Department of Agriculture (USDA) reported by World Grain.
28 February 2023