Latest Oils & Fats International News

The US Environmental Protection Agency (EPA) announced on 31 October that it will allow the use of Bayer AG’s controversial dicamba weed killer for another two years but with additional restrictions in place, Reuters reports.

Storage costs for US soyabeans are expected to be at a premium this season as the commodity will need to fight for space along with corn and wheat crops, according to World Grain.

British supermarket Iceland’s Christmas advert portraying the environmental issues related to palm oil has been deemed “too political” and banned from broadcast.

US regulators have approved the cultivation of a GM cotton plant, which could act as a protein-packed food source in countries suffering from malnutrition, Reuters reports.

Waste cooking oil from food establishments has been used to make a controlled-release fertiliser which results in less wasted nutrients and better plant health, reports The Lead South Australia.

Belgium has updated its definition of cream with a new draft regulation that lowers the minimum fat content of cream, whipped cream and light cream.

State-run Pakistan National Shipping Corporation (PNSC) is planning to build a new terminal in Karachi to ease pressure on the country’s only dedicated grain and oil seed facility at Port Qasim.

Cargill is launching a new alternative to fish oil-based aquafeed to relieve pressure on wild caught fish.

French oil and gas giant Total SA is delaying the start-up of its 500,000 tonnes/year biofuel refinery in La Mede to the first quarter of 2019, Reuters reports.
 

Global olive oil production is forecast to rise by 28% for 2017/2018 compared to the previous year, according to provisional figures by the International Olive Council (IOC).

The US Department of Agriculture (USDA) has projected a record high global vegetable oil production of 204M tonnes for 2018/19, with supplies of palm and soyabean oils seeing a particularly sharp increase, says Germany’s Union for the Promotion of Oil and Protein Plants (UFOP).