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Latest Oils & Fats International News

EU Parliament votes to phase out palm oil biodiesel, freeze crop-based fuels to 2017 levels

7 hours ago

The European Parliament voted on 17 January in favour of a Renewable Energy Directive (RED II) proposal that would remove palm oil-based biodiesel from its list of renewable fuels by 2021 and froze crop-based biofuels at levels reached in 2017.

Cargill food ingredients reports earnings growth despite overall slump

14 hours ago

Despite a “broad” increase in earning from its Food Ingredients & Applications segment, global consumer goods firm Cargill reported a decrease in its earnings for the second quarter (Q2) of 2018.

Cargill to build new port terminal in Brazil’s Pará state

January 16, 2018

Global agribusiness giant Cargill is planning to build a new port terminal in Baía do Capim, Abaetetuba City, located in Brazil’s Pará state adjacent to Tocantins river.

EU Parliament proposes freezing crop-based biofuel levels, defining palm oil as non-renewable

January 15, 2018

Three political groups of the European Parliament agreed on 10 January on a compromise to cap the share of crop-based biofuels at a level reached in each member state in 2017 and to deem palm oil biofuel non-renewable.

Arla Foods forms dairy joint venture with Indonesia’s PT Indofood Sukses Makmur

January 15, 2018

International dairy cooperative Arla Foods is forming a joint venture with Indonesia’s PT Indofood CBP Sukses Makmur Tbk (ICBP) to expand its presence in the Indonesian market. 

Ukraine reports bumper rapeseed crop

January 12, 2018

Ukraine reported an 83% increase in rapeseed production for the 2017 harvest ending on 1 December but saw a drop in soyabean and sunflower seed output, World Grain reported on 29 December.

Global plantation area rises dramatically in southern hemisphere

January 11, 2018

Global development of arable land has increased dramatically in South American soyabean and Southeast Asian palm oil areas, according to a Union zur Förderung von Oel- und Proteinpflanzen (UFOP) report, referring to information published by the Food and Agriculture Organization of the United Nations (FAO).

Malaysia suspends palm oil export tax for three months

January 11, 2018

Malaysia lifted its export tax on crude palm oil (CPO) on 8 January for a period of three months in an attempt to boost exports and prices, as well as reduce its growing stockpiles.

Louis Dreyfus joins Bunge and Cargill in Sustainable Shipping Initiative

January 10, 2018

Global agrimerchant Louis Dreyfus Co (LDC) joined the Sustainable Shipping Initiative (SSI) on 18 December.

Cargill cuts business with Guatemalan palm oil supplier

January 10, 2018

US-based agribusiness giant Cargill has suspended business with a major Guatemalan palm oil supplier accused of human rights violations and environmental degradation, the Minneapolis Star Tribune reported on 31 December.

EU grants market access to Australian canola

January 09, 2018

The European Commission (EC) confirmed on 15 December that canola from Australia complies with its greenhouse gas (GHG) emissions rules and is eligible to enter the EU market as a biodiesel feedstock.