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Latest Oils & Fats International News

Rapeseed meal’s share in compound feeds rises despite decline in production

March 27, 2020

The share of rapeseed meal in compound feeds has increased over the last four years while the use of oilseed meals from rapeseed and soyabeans has declined, Germany’s Union for the Promotion of Oil and Crops (UFOP) reported on 17 March.

Thailand’s PTG to invest in PPP Green Complex joint venture

March 26, 2020

Thai energy company PTG is investing US$15.5M in its PPP Green Complex joint venture with Thachang Green Energy and RD Kasetpattana, the Bangkok Post reported on 17 March.

EIA projects slow rise in US biofuel production to 2050

March 26, 2020

Biofuel production in the USA will see slow growth through to 2050, according to a report from the US Energy Information Administration’s (EIA) Annual Energy Outlook 2020.

Italy proposes new law to fight agribusiness piracy

March 25, 2020

The Italian government is proposing a new law aimed at fighting fraud in the agricultural production chain, Olive Oil Times reported on 3 March.

FEFAC urges EU action on food and feed supply due to coronavirus

March 24, 2020

Grains, oilseeds and food representatives are calling on the European Union (EU) to take steps to avoid disruption to the food and feed supply during the coronavirus (COVID-19) outbreak.

Argentina proposes soyabean export tax based on farm size

March 23, 2020

A soyabean export tax based on farm size is being proposed in Argentina to increase revenue and reduce competition between commercial and small-scale producers, according to a report from the US Department of Agriculture (USDA).

China sees soyabean imports rise following phase one trade truce with USA

March 20, 2020

Soyabean imports to China increased 14.2% year-on-year in the first two months of 2020 as cargoes from the USA cleared customs following the two countries’ trade truce, Reuters reported on 3 March 2020.

Rising demand for edible oils driven by increased appetite for healthy options, says Kerfoot

March 19, 2020

A rise in demand for edible oils has been accompanied by increasing consumer awareness about healthier options, according to global speciality oil supplier Kerfoot.

EU private storage tenders conclude

March 19, 2020

The conclusion of the European Union’s tendering scheme to rebalance its olive oil sector resulted in the withdrawal of another 41,600 tonnes of olive oil from the European market, Olive Oil Times reported on 28 February.

BASF plans to launch extensive product range and focus on R&D

March 18, 2020

German chemical company BASF is planning to launch more than 30 key projects, including novel seeds and traits, by 2029.

Wilmar becomes sole owner of Australia’s Wilmar Gavilon

March 17, 2020

Leading Asian agribusiness group Wilmar International has bought a remaining 50% stake in Australia-based Wilmar Gavilon Pty Ltd (WG) that it does not already hold, making it the sole owner of WG.