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Latest Oils & Fats International News

Hot summer weather drives EU to cut sunflower forecast

23 hours ago

The European Union (EU) has cut its annual sunflower seed harvest forecast from the one published in September due to unfavourable weather conditions impacting on the crop.

Tunisia expects record olive oil output this season

November 17, 2017

Tunisia’s Ministry of Agriculture expected the country to triple its olive oil production in the November-December season, which it hoped would give a much-needed boost to exports.

USDA: South American soya supply to plummet despite record production

November 16, 2017

Despite the all-time high soyabean production in South America this year, next year’s supply from the continent might end up significantly lower in the coming season.

IOI releases shea-based alternative to palm oil for puff pastries

November 15, 2017

IOI Loders Croklaan Europe has launched a new next generation shea-based alternative to replace palm oil in bakery products, such as croissants and Danish pastries.

Unilever collusion lawsuit in South Africa on hold due to “embarrassing” case materials

November 14, 2017

The Competition Tribunal of South Africa has asked the country’s Competition Commission to provide more evidence in its collusion case against Unilever, granting the company a moment’s breather in the margarine lawsuit.

ADM Capital acquires majority stake in olive oil producer Olivos Naturales

November 14, 2017

ADM Capital Europe’s new Cibus Fund agribusiness investment vehicle has acquired a majority stake in Spain’s Olivos Naturales (Innoliva), one of Europe’s largest extra virgin olive oil (EVOO) producers.

Bunge cuts agribusiness EBIT in face of challenging market conditions

November 13, 2017

Global agri and food company Bunge has slashed its agribusiness segment’s annual earnings before interest and tax (EBIT) projection by US$125M in the face of continuing challenges in the marketplace.

COFCO transfer biofuel subsidiaries in company restructuring plan

November 13, 2017

China National Cereals, Oils and Foodstuffs Corp (COFCO) has transferred two of its biofuel subsidiaries to a sister company in a restructuring effort to streamline operations.

TV show inspires research to patch potholes with sunflower oil

November 13, 2017

Researchers at the University of Nottingham (UoN) in England are developing a technique to make fixing pothole-ridden roads easier, with the help of sunflower oil capsules.

US commerce department makes final decision saying Argentina, Indonesia dumped biodiesel

November 10, 2017

The US Department of Commerce (DoC) has made an affirmative final determination in the ongoing countervailing duty (CVD) investigation on biodiesel imports from Argentina and Indonesia.

Ruchi Soya to sell 51% stake to Devonshire Capital

November 10, 2017

Indian edible oils firm Ruchi Soya Industries has signed a deal to sell a majority share of its business, along with its branded edible oils operations, to Devonshire Capital.