Oils & Fats International News
-
US agricultural groups challenge EPA pesticide ban
Agricultural groups in the USA have appeared before the Eight Circuit Court of Appeals to challenge a ban imposed by the Environmental Protection Agency (EPA) on the use of chlorpyrifos, World Grain reported.
11 January 2023 -
Consumers can now file claims against Wesson Oil’s vegetable oil containing GM soyabean or corn
After more than a decade of legal proceedings – including a rejected US$8M settlement – a federal judge has given preliminary approval for consumers to file claims against Wesson Oil’s vegetable oil containing genetically-modified (GM) soyabean or corn, CNET reported.
11 January 2023 -
COFCO and SinoGrain team up for joint venture in China
A new joint venture between China’s largest food and agricultural company COFCO International and state grain reserves stockpiler Sinograin was due to begin operations in January, Reuters reported from a COFCO statement.
10 January 2023 -
China’s soyabean futures and options open to foreign traders
A series of soyabean futures and options opened for trading on China’s Dalian Commodity Exchange (DCE) to foreign traders on 26 December, China Daily reported.
10 January 2023 -
Brazil’s new Lula government extends tax exemptions for biodiesel and ethanol
The recently inaugurated Brazilian government of President Luiz Inácio Lula da Silva, who is known as Lula, has announced the extension of tax exemptions for fuels, including biodiesel and ethanol, AgriCensus reported.
10 January 2023 -
European Bank for Reconstruction and Development (EBRD) lends US$10.6M to Ukrainian grain producer to expand overland export capacity
The European Bank for Reconstruction and Development (EBRD) has loaned US$10.6M (€10M) to Ukrainian grain producer Grain Alliance Group to expand overland export capacity, World Grain reports.
09 January 2023 -
Olam Group completes US$1.24bn sale of substantial minority stake in Olam Agri to SALIC
Global food and agribusiness company Olam Group has completed the US$1.24bn sale of a substantial minority stake in Olam Agri Holdings to Saudi Agricultural and Livestock Investment Co (SALIC).
09 January 2023 -
Indonesia delays new palm oil biodiesel blend by a month
Indonesia’s energy ministry has delayed the introduction of its new mandatory 35% palm oil biodiesel (B35) blending programme until 1 February to allow time to prepare supply and infrastructure, Reuters reported.
09 January 2023 -
UN names new Black Sea grain deal coordinator
The United Nations (UN) has named retired vice admiral Abdullah Abdul Samad Dashti of Kuwait as its new Black Sea grain initiative coordinator, World Grain reported.
06 January 2023 -
New shipping regulation to combat global warming under fire
Leading charterers say they will refuse to use a new regulatory contract clause within a new shipping regulation to combat global warming, Freight Waves writes.
06 January 2023 -
US agribusiness logistics forecast to improve this year
US shippers of grain, food and other products expect logistics to improve this year, following legislative action that averted a nationwide strike by railway workers and the easing of some COVID-induced restrictions, World Grain wrote.
05 January 2023 -
India extends ban on agri-commodities trading for another year
The Securities and Exchange Board of India (Sebi) has extended its suspension on derivatives trading of seven commodities for another year, the Indian Express wrote.
05 January 2023 -
Canadian canola demand forecast to surge due to rising renewable diesel production
An increase in renewable diesel production over the next five years is expected to boost demand for canola, the Alberta Farmer Express reports the Canadian Oilseeds Processors Association as saying.
04 January 2023