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Latest Oils & Fats International News

Prairie AquaTech begins construction of US$60M soyabean processing plant

May 25, 2018

US fish feed producer, Prairie AquaTech, is scaling up its operations from pilot level by building a new US$60M soyabean processing facility.

India gives approval to Bayer-Monsanto merger

May 24, 2018

The Competition Commission of India (CCI) has approved the US$62.5bn merger of Bayer and Monsanto, set to create the world’s largest single player in the seeds and pesticides business.

Canadian canola farmers sue oilseed trader for predatory lending

May 24, 2018

Six Canadian canola farmers have filed a class action lawsuit against Regina, Saskatchewan-based oilseed and grain commodities trader Input Capital Corp, accusing the firm of predatory lending.

Bunge halves production at German biodiesel facility

May 23, 2018

US agri trader Bunge is cutting biodiesel production at its German facility, the latest company to do following a surge of imports from Indonesia and Argentina.

Four Indian edible oil firms submit bids for Ruchi Soya

May 23, 2018

Four major Indian edible oil companies have submitted bids for debt-riddled Ruchi Soya, their fellow Indian firm producing the Soya Star and Gold brands of cooking oils.

UK ferry company launches HVO biodiesel trial

May 22, 2018

British ferry company Red Funnel has begun trials of a hydrotreated vegetable oil-based renewable diesel, produced by Green Biofuels, on passenger ships between Southampton and the Isle of Wight.

US EPA submits 2019 RFS volume proposal to White House

May 21, 2018

The US Environmental Protection Agency (EPA) submitted its proposal on 2019 Renewable Fuel Standard (RFS) blending obligations to the White House on 11 May.

Mitsui to shutter Brazilian soya and corn operation after years of losses

May 21, 2018

Japanese commodity trader Mitsui & Co will close its Brazilian Multigrain business by the end of this year after several years of financial losses due to stiff competition in the sector.

USDA GMO labelling proposal criticised as incomplete

May 18, 2018

The US Department of Agriculture’s (USDA) rule proposal for the National Bioengineered Food Disclosure Standard governing the labelling of genetically modified (GM) foods has been criticised by the industry for opening up more questions than it answers.

Xylella olive tree disease spreads to Spain, continues ravaging Italy

May 17, 2018

In addition to once again ravaging olive trees in Italy this spring, the deadly Xylella plant disease is showing signs of spreading further in the Mediterranean olive growing regions.

WHO recommends daily limits on saturated, trans fat intake

May 17, 2018

Adults and children should receive less than 10% of their daily energy intake from saturated fats and less than 1% from trans fats according to new World Health Organization (WHO) draft guideline.