Oils & Fats International News
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Only 8% of global crop land used for biofuels
From a total of 1.4bn ha of land used to grow crops globally in 2021, only around 8% of the area was used to supply feedstock for biofuels production, Germany’s Union for the Promotion of Oil and Protein Plants (UFOP) reported.
31 January 2023 -
IGC forecasts marginally lower global rapeseed area for the 2023/24 harvest
In its first estimate of the global rapeseed planted area for the 2023/24 marketing season the International Grains Council (IGC) forecasts an area of 40.2M ha, Germany’s Union for the Promotion of Oil and Protein Plants (UFOP) reported.
31 January 2023 -
Reduction in port congestion could see freight and charter costs fall
Freight and charter costs could fall if port congestion eases, World Grain reported a trade source as saying.
31 January 2023 -
China’s annual soyabean imports from Brazil decline for second consecutive year
Chinese soyabean imports from Brazil dropped for the second consecutive year, according to data from China’s General Administration of Customs, reported by AgriCensus.
30 January 2023 -
India discontinues tariff rate quota on soyabean oil and extends lower duty for refined palm oil imports
The Indian government has discontinued its tariff rate quota on soyabean oil and extended its lower duty policy for refined palm oil imports, the United States Department of Agriculture (USDA) reported.
30 January 2023 -
Study shows people exposed to glyphosate have cancer biomarkers in urine
New research by US government scientists has found that people exposed to the weedkiller chemical glyphosate have biomarkers in their urine linked to the development of cancer and other diseases, The Guardian reported.
30 January 2023 -
Ukraine proposal to expand corridor deal to metals meets with lukewarm response from grain traders
A proposal by the Ukraine government to include metals in the list of goods allowed through the Black Sea Grain export corridor has received a lukewarm response from the grain sector, AgriCensus reported.
27 January 2023 -
Priority extended for large tonnage vessels heading through Ukraine grain corridor
The priority given to large tonnage vessels exporting agricultural products from the ports of Odessa using the Ukraine grain corridor when passing through the Bosphorus Strait has been extended, APK-Inform reported the Ukraine Ministry of Agrarian Policy as saying.
27 January 2023 -
Bulgarian sunflower oil exports reach new record in 2021/22
Sunflower oil exports from Bulgaria reached a new record in the 2021/22 season, increasing by 39% compared to the previous marketing year, UkrAgroConsult reported.
26 January 2023 -
Olam planning Singapore/Saudi Arabia IPO for Olam Agri in first half of this year
Global food and agribusiness company Olam Group has announced plans to list its majority-owned agribusiness subsidiary Olam Agri Holdings on the Singapore Exchange in the first half of this year.
26 January 2023 -
EU allows house crickets in food products
A newly approved European Union (EU) regulation will allow food producers to introduce the partially defatted powder of Acheta Domesticus , commonly known as the house cricket, to a range of products, Olive Oil Times reported.
25 January 2023 -
Neste completes acquisition of Crimson Renewable Energy’s UCO collection business
Finnish renewable fuels producer Neste has completed its acquisition of Crimson Renewable Energy’s used cooking oil (UCO) collection and aggregation business in the USA.
25 January 2023 -
Assets of Ukraine port terminal owners frozen following English High Court ruling
The assets of Sergiy Groza and Voloymyr Naumenko, owners of GNT Group and Olimpex Coupe International, a grain terminal in Ukraine’s Port of Odessa, have been frozen following an order issued by the High Court of England, World Grain reported.
25 January 2023