Food prices worldwide remained steady in November although vegetable oil prices rose by 2.3%, according to the benchmark United Nations’ Food and Agriculture Organization (FAO) Food Price Index (FFPI) released on 2 December.

The Roundtable on Sustainable Palm Oil (RSPO) has jointly launched the Thailand Sustainable Palm Oil Alliance (TSPOA) with the Thailand Environment Institute (TEI) and other partners.

Global agribusiness giant Cargill has acquired US soyabean processor Owensboro Grain Company.

Swedish vegetable oils and fats producer AAK has acquired India’s Arani Agro Oil Industries.

The Argentine government’s announcement that it was planning to lower export taxes on soyabean oil and soyabean meal was expected to boost exports of those products, sources told AgriCensus.

Global oilseed production is forecast to reach an all-time high in the 2022/23 marketing year, with increased outputs of soyabean and rapeseed expected to offset a likely drop in sunflower seed production, according to a new report by the United Nations (UN)’s Food and Agriculture Organization (FAO).

Global agribusiness giant Bunge has formed a partnership with French grains and oilseeds originator BZ Group.

Finnish renewable fuels producer Neste is set to acquire Crimson Renewable Energy’s used cooking oil (UCO) collection and aggregation business in the USA.

The United Nations (UN)-brokered Black Sea grain corridor had led to the export of 12M tonnes of foodstuffs from Ukraine since its introduction on 22 July but logistical problems were still affecting exports from the region, Ben Parker, the officer-in-charge of the Office of the UN co-ordinator for the Black Sea Grain Initiative (BSGI) said at the International Grains Council (IGC)’s second Black Sea webinar held on 29 November.

The Ministry of Health and Family Welfare/Food Safety and Standards Authority of India (FSSAI) has proposed draft regulations for genetically modified (GM) or engineered foods, according to a report by the United States Department of Agriculture’s Foreign Agricultural Service.

Renewable fuel producer Vandelay Ventures is set to develop a facility in Kota Kinabalu, Malaysia, to produce renewable diesel and sustainable aviation fuel (SAF).

Independent vegetable oils and fats storage, processing and logistics company Koole Terminals has completed its acquisition of Dutch bulk liquid storage operator Alkion Terminals.

A team of scientists in Singapore has used genetic engineering to significantly boost the oil content of some plants, New Atlas reported.