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Latest Oils & Fats International News

Brazil to plant first 400ha of GMO sugarcane

March 23, 2018

Brazilian sugar mills are preparing to plant an initial 400ha of the world’s first genetically modified sugarcane variety, according to its developer Centro de Tecnologia Canavieira (CTC).

EU court rules the bloc must remove anti-dumping duties on Indonesian biodiesel

March 22, 2018

The European Court of Justice has upheld an appeal by Indonesia and ruled that the EU must remove the current 8.8-23.3% anti-dumping tax imposed on Indonesian biodiesel.

EU approves Bayer-Monsanto merger

March 22, 2018

The EU’s antitrust authorities have approved the US$62.5bn merger of German chemicals company Bayer and American biotech firm Monsanto, which would create a company controlling more than a quarter of the global seed and pesticide market.

JM Smucker and Conagra drop Wesson deal after regulatory complaint

March 22, 2018

American food companies JM Smucker and Conagra Brands have decided to drop their deal over the sale of the Wesson edible oil brand to JM Smucker due to regulatory difficulties.

COFCO splits oilseeds and grains unit, appoints new management team

March 21, 2018

China’s state-owned food processing firm COFCO International has appointed several new corporate heads and split its business units in a reshuffle of its global oilseeds and grains operations.

Alltech shutters Kentucky DHA omega 3 algae facility

March 20, 2018

American animal feed and food company Alltech has closed its DHA omega 3-rich algae production facility in Kentucky in an attempt to optimise operational efficiencies.

DowDuPont Agriculture Division to be renamed Corteva Agriscience

March 19, 2018

The DowDuPont Agriculture Division will be renamed Corteva Agriscience after it is spun off as an independent company following the Dow Chemical Co’s and DuPont’s merger last September.

US soya farmers fear Chinese retaliation due to steel tariff

March 16, 2018

The US soyabean industry has voiced concerns that the Department of Commerce’s (USDC) suggested tariff on Chinese steel could lead to retaliatory measures on US soyabean exports.

Unilever picks Rotterdam for headquarters

March 15, 2018

The Anglo-Dutch consumer goods juggernaut Unilever has chosen the Netherlands as the location of its headquarters, dashing the UK’s hopes of the Dove soap manufacturer retaining its current two-headed structure.

ADM and Syngenta reach settlement in GMO corn lawsuit

March 15, 2018

Agritrader Archer Daniels Midland Co (ADM) and agrochemicals and seeds firm Syngenta have reached a settlement in a lawsuit revolving around strains of genetically modified (GM) corn.

Brexit could slash UK oilseed farmer incomes by more than 100%

March 14, 2018

UK oilseeds and grains farmers should prepare for tougher competition and possible falling incomes as the country’s impending exit from the EU draws closer, a UK business analyst warns.