Latest Oils & Fats International News

Global commodity giant Louis Dreyfus Company (LDC) is partnering with China’s Donlink Group to develop aquaculture and plant-based bioenergy production at a new food industry park near the southern port of Nansha.

Obesity has nearly tripled since 1975 and now accounts for 4M deaths globally every year, according to a new World Bank report, 'Obesity: Health and Economic Consequences of an Impending Global Challenge'.

 

Pakistan Prime Minister Imran Khan has pledged to buy more palm oil from Malaysia to help offset India’s curbs on Malaysian imports, Reuters reports.

China is halving tariffs on US$75bn worth of US imports, effective today, as part of its trade truce with Washington as officials look to calm markets unnerved by the novel coronavirus (Covid-19) outbreak.

Syngenta Seeds has formed a partnership with the Illinois Soybean Association (ISA) and the USA’s United Soybean Board (USB) to advance the livestock nutritional value of its soyabean varieties.

 

US seed and crop protection company Corteva Inc is accelerating production of its Enlist E3 biotech soyabean seeds and complementary herbicides in Canada and the USA over the next five years. 

 

Indonesia is forecast to consume over 8M tonnes of palm oil this year to meet domestic demand for biodiesel, which may hit volumes available for export, the Jakarta Globe reported on 4 February.

 

Swiss food and beverage conglomerate Nestlé SA is teaming up with plant protein firms, Burcon and Merit, to accelerate its development of plant-based meat and dairy ingredients.

 

Malaysia has postponed its largest annual palm oil conference due to concerns over the novel coronavirus (Covid-19).

Indonesian state energy company PT Pertamina has ended a year-long partnership with Italian oil and gas firm Eni SpA to build a ‘green diesel’ refinery in Indonesia processing palm oil, Reuters reports.

 

Palm oil prices in Malaysia posted sharp losses as concerns grew over falling Chinese demand due to the spread of the novel coronavirus (Covid-19), according to ICIS.