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Latest OFI Magazine News

China approves two new GM soyabean and corn varieties for import

about 15 hours ago

China has approved two new GM crops for import after pledging last month to speed up a review of eight biotech products which had been pending for four years as part of a trade deal with the USA.

BASF receives RSPO supply chain certification

18 hours ago

German chemical producer BASF’s production network of 20 sites has received the Roundtable on Sustainable Palm Oil (RSPO)’s Supply Chain Certificate at the RSPO’s fifth annual European meeting.

Cargill launches first palm oil sustainability programme in Colombia

June 21, 2017

Global agribusiness Cargill, together with the international NGO Solidaridad and Colombian trading company CI Biocosta SA, launched a new palm oil smallholder sustainability programme in Colombia on 7 June.

Brazil soya sales plummet as farmers hoard crop

June 20, 2017

Soyabean sales in Brazil are lagging behind last year’s figures as farmers are hoarding the crop in hopes of fetching better prices, according to a Brazilian market consultancy.

European demand for used cooking oil-based biodiesel falls

June 19, 2017

Demand for used cooking oil methyl ester (UCOME) for biodiesel in Europe has fallen from previous years due to the higher greenhouse gas (GHG) savings from first generation biofuels, according to Platts.

Report: Southeast Asian, Nordic banks fund deforestation and ‘unlawful’ palm oil in Indonesia

June 16, 2017

Six banks financing the Indonesian palm oil industry are fuelling deforestation and human rights violations, according to a new report by the Rainforest Foundation Norway (Regnskogfondet).

Vegetable oil prices hit nine-month low in April

June 15, 2017

Production growth, falling demand and global oversupply dragged vegetable oil prices to a nine-month low in April 2017, according to the latest statistics from German agri market information firm Agrarmarkt Information-Gesellschaft (AMI).

India biodiesel, edible oil producers ‘concerned’ over new GST rules

June 14, 2017

Indian biodiesel and edible oils producers are concerned that the country’s new goods and services tax (GST), due to come into force on 1 July, could ramp up the prices of their products.

Abengoa closes sale of four European bioethanol plants

June 13, 2017

Spain’s struggling renewable energy company Abengoa Bioenergia completed the sale of its four remaining European ethanol plants to private equity fund Trilantic Europe on 1 June.

Ferrero wins palm oil-free health claim case against Delhaize

June 12, 2017

Italian confectionery maker Ferrero  – producer of the famous Nutella spread – won on 2 June a court case against Dutch retailer Delhaize over its claims that its palm oil-free Choco spread was “healthier” and more environmentally friendly.

Olive oil compound ‘may prevent brain cancer’

June 09, 2017

Researchers from Scotland’s University of Edinburgh have discovered a compound in olive oil that may prevent cancer from developing in the brain, STV News reported on 2 June.