Latest Oils & Fats International News

Soya protein and coconut and sunflower oils are among the ingredients of Impossible Foods’ new plant-based pork. 

US food and beverage giant PepsiCo has taken a stake in leading Ethiopian crisps manufacturer Senselet Food Processing, just-food reports.

Indonesian President Joko Widodo plans to replant at least 500,000ha of palm oil plantations within the next three years to intensify production of the commodity, according to Antara News.

 

The European Union (EU) expects olive oil consumption to increase in non-producing countries and for production among its members to increase steadily by about 1.1% or 400,000 tonnes over the next decade, according to its 2019-2030 agricultural outlook report.

A Dutch margarine brand’s anti-palm oil advertising campaign has been ruled to be misleading and inaccurate, the European Palm Oil Alliance (EPOA) reports. 

China has approved a new genetically modified (GM) soyabean developed by US seed and agrichemicals firm Dow AgroSciences for import.

Indonesia resumed collecting a crude palm oil (CPO) US$50/tonne export levy on 1 January due to recovering palm oil prices.

US President Donald Trump announced on Twitter that he would sign the first phase of a deal with China on 15 January, calming a trade war that has seen the imposition of billions of dollars worth of tariffs since July 2018, Bloomberg reports.

South Korea’s SK Chemicals has started tests on blending its biodiesel with petroleum-based fuels to create low-sulphur marine oil that will comply with new green shipping fuel standards, Reuters reports.

Biodiesel production in the EU has increased for another year, accounting for 34% of the 41M tonnes produced globally in 2018, according to Germany’s Union for the Promotion of Oil and Protein Plants (UFOP) on 16 December.

The US Environmental Protection Agency (EPA) released its final rule for the country’s 2020 Renewable Fuel Standard (RFS) and 2021 biomass-based diesel volumes on 19 December.