Uncertainty around the possibility of Mexico following through on a decree banning genetically modified (GM) corn continues, according to a World Grain report, as agriculture officials and trade groups outline the negative impacts of such a ban to the country’s leaders.

The US Environmental Protection Agency (EPA) is expected to extend the period of annual biofuel blending mandates from one year to three, according to three sources familiar with the discussions quoted by Reuters.

Global vegetable oil prices dropped 3.3% in August compared to the previous month, according to the benchmark United Nations’ Food and Agriculture Organization (FAO) Food Price Index released on 2 September.

Swiss food and biotech start-up Cultivated Biosciences has secured US$1.5M funding to develop a fat ingredient for plant-based dairy products, the company announced.

The European Union (EU) seed crushers and oil processors’ federation (FEDIOL) has issued a statement raising its concerns over the cost and availability of gas and electricity, calling for options to ease pressure to maintain domestic vegetable oil and protein meal production.

Thai energy company Bangchak Corporation has announced it has formed a joint venture with vegetable oil collection company Thanachok Oil Light and biofuel producer/distributor BBGI to produce and supply sustainable aviation fuel (SAF) from used cooking oil (UCO) in Thailand.

Renewable diesel production in the USA more than doubled between 2021 and 2022 while biodiesel capacity dropped, Biodiesel magazine reported from US Energy Information Agency (EIA) data.

Soyabean producers in the USA have announced that they will help fund the expansion of a Pacific Northwest export terminal, Freight Waves reported.

The Indonesian government has extended its policy of waiving palm oil export levies until 31 October, Reuters reported trade minister Zulkifli Hasan as saying.

Scientists at a micro-algae protein project in Singapore have announced that they have chosen technology supplied by Swiss multinational plant equipment manufacturer Bühler to increase the laboratory’s processing efficiency.

A coalition of leading international companies has launched a large-scale regenerative agriculture palm oil project in North Sumatra, Indonesia, Eco Business wrote.

Olive oil production in Spain in the current crop year is expected to drop as the country is hit by drought while growers in Jaén province face losses of US$1bn (€1bn), according to an Olive Oil Times report.

Small players in Ukraine were combining resources and exporting sunflower oil to nearby countries from little-known river ports, using mainly cash transactions, as the conflict with Russia continues, a vegetable oil trader at DeltaWilmar told S&P Global Commodity Insights.