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Latest Oils & Fats International News


Impossible Pork launches plant-based pork made from soya protein and coconut oil

January 17, 2020

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


PepsiCo takes stake in Ethiopian crisps manufacturer

January 16, 2020

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


Indonesia to replant 500,000ha of oil palm plantations

January 16, 2020

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.

 


EU expects increased olive oil consumption, production and exports

January 15, 2020

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.


Dutch margarine brand’s anti-palm oil campaign ruled to be misleading

January 14, 2020

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 approves new GM soyabean for import

January 13, 2020

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


Indonesia resumes collecting palm oil export levies

January 10, 2020

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


First phase of US-China trade deal to be signed on 15 January

January 09, 2020

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.


SK Chemicals explores biodiesel use in low-sulphur fuel

January 09, 2020

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.


EU remains largest biodiesel producer

January 08, 2020

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.


EPA finalises blending volumes for renewable fuel

January 07, 2020

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.