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Latest Oils & Fats International News

BASF to launch 30 new products by 2028

about 20 hours ago

BASF will increase its R&D budget and launch 30 new products, including eight active ingredients, as well as seeds in hybrid wheat, soyabean, canola, cotton and vegetables.

Cargill reduces plastic in vegetable oil packaging

October 14, 2019

Cargill has reduced the amount of plastic it uses for its vegetable oil bottles and containers by nearly 1,200 tonnes globally, the global agribusiness company announced on 2 October.

Trump delays tariff hikes on Chinese goods as part of ‘phase one deal’

October 14, 2019

US President Donald Trump announced a “very substantial phase one deal” on 11 October to solve the country’s long-running trade dispute with China.

Thailand to increase palm oil price support measures

October 11, 2019

Thailand is planning to introduce measures to shore up its domestic palm oil prices in addition to a recent price guarantee scheme on the edible oil.

Trump administration announces biofuel package to boost US blending of renewable fuel

October 11, 2019

The US Environmental Protection Agency (EPA) announced a biofuel relief package on 4 October which it said would “ensure that more than 15bn gallons of conventional ethanol are blended into the nation’s fuel supply beginning in 2020”.

DryShips reports US$12.7M net loss

October 10, 2019

Dry bulk and tanker shipping firm DryShips Inc – which recently acquired global tanker pool operator Heidmar Inc – has reported a net loss of US$12.7M for its second quarter 2019 as it works to upgrade its fleet.

New tool shows decline in oil palm related deforestation in Borneo

October 10, 2019

Deforestation from oil palm plantations on the island of Borneo has steadily declined since peaking in 2012, according to the digital tool Borneo Atlas.

Glencore joins global initiative to modernise commodity trading

October 09, 2019

Swiss commodity trading firm Glencore Agriculture has joined the world’s leading agribusinesses in an initiative to modernise global agricultural commodity trading.

Malaysian sustainable palm oil to be exported to Europe

October 09, 2019

Malaysia is on track to export its Sustainable Palm Oil (MSPO) to Europe by 2020, allowing the country’s commodity to enter the European market.

USA to impose 25% tariffs on packaged Spanish olive oil

October 08, 2019

The USA has won approval from the World Trade Organization (WTO) to impose tariffs on US$7.5bn worth of EU goods, including some Spanish olive oils.

Eni opens biorefinery in Gela

October 07, 2019

Italian oil and gas multinational Eni Spa has launched its 750,000 tonnes Gela biorefinery, which will be able to utilise increasing quantities of used vegetable oil, animal fat, algae and by-products to produce renewable diesel or hydrotreated vegetable oil (HVO).