Oils & Fats International News
-
EU soyabean production to hit record level this year
Soyabean supply in the European Union (EU) is forecast to rise again this year due to an expansion in production area, according to a report by Germany’s Union for the Promotion of Oil and Protein Plants (UFOP) quoting the latest EU Commission data.
29 July 2022 -
Syngenta to scale up crop spraying by drones in India
Swiss crop protection and seeds producer Syngenta is set to scale up crop spraying by drones in India for six crops including soyabeans, cotton and rice, Financial Express reported.
28 July 2022 -
EC proposes new rules to halve pesticide use in EU by 2030
The European Commission (EC) has proposed new rules to halve pesticide use in the European Union (EU) by 2030, the United States Department of Agriculture (USDA) wrote.
28 July 2022 -
Eco Safety Products acquires Soy Technologies to expand its bio-based coatings and methylene chloride alternatives
US renewable coatings and chemicals company Eco Safety Products (ESP) has announced its acquisition of speciality chemical manufacturer Soy Technologies to expand its bio-based coatings and methylene chloride alternatives.
27 July 2022 -
Tüpraş to build renewable diesel plant at refinery in Izmir
Turkish refining company Tüpraş is set to build a new renewable diesel plant using Honeywell technology at its refinery in Izmir, Honeywell announced.
27 July 2022 -
Putin guarantees fertiliser supply to Brazil
Russian president Vladimir Putin has promised his Brazilian counterpart Jair Bolsonaro that Russia “is committed” to maintaining its delivery of much-needed fertilisers to the South American country, The Daily Star wrote.
26 July 2022 -
EU committee votes to boost renewable energy policy
A European Union (EU) committee’s decisive vote to increase the bloc’s ambition for a reduction in greenhouse gas (GHG) emissions in transport while leaving member states free to use crop-based biofuels in their transport energy mix, has been welcomed by trade associations representing EU biofuels, food and feed chain partners.
26 July 2022 -
India expands biofuel tax benefit for vegetable oils and ethanol
The Indian government has expanded the country’s biofuel tax exemption in a bid to promote higher blending percentages of vegetable oils and ethanol, Reuters reported.
25 July 2022 -
Ukraine port hit by Russian missile strike hours after grain deal
Russian forces struck the key Ukrainian port of Odessa the day after Kyiv and Moscow reached a landmark deal to allow the resumption of grain and oilseed exports, the BBC reported on 24 July.
25 July 2022 -
Indonesia removes palm oil export tax for limited period in bid to boost exports
The Indonesian government has removed the export tax for all palm oil products for a limited period between 15 July-31 August in a bid to boost exports amid an excess of domestic supply, AgriCensus reported on 18 July.
25 July 2022 -
China forecast to produce less edible oil
The Chinese government has reduced its forecast for edible oil production for the current marketing year due to a reduction in oilseed imports, AgriCensus quoted from the monthly update to China’s Agriculture Supply and Demand Estimates (Casde).
22 July 2022 -
Canada to require special labels on food products high in sugar, sodium and saturated fat from 2026
The Canadian government has announced that it will be introducing new legislation from 2026 requiring companies to add special labels on food products high in sugar, sodium and fat, the Globe and Mail reported.
22 July 2022 -
Prices for Lurpak butter rise in UK with supermarkets security tagging product
The price of a large tub of Lurpak butter – a blend of milk fat and rapeseed oil – has been selling for more than £9 (US$10.7) in some UK supermarkets, the Huffington Post reported.
21 July 2022