India extends low import tariffs on oils until 2025
In a continued effort to stabilize edible oil prices domestically, the government of India has announced the extension of reduced import duty rates for edible oils until March 2025. This decision, as revealed in a government order seen by Reuters, reflects India's position as the largest importer […]
Spanish and Italian police seize 5,000 liters of adulterated olive oil
Law enforcement authorities in Spain and Italy seized more than 5,000 liters of adulterated olive oil in operations, according to a report by The Guardian. They detained eleven people during the raids, dismantling an international gang that allegedly sought to sell cheaper, lower quality olive oils as if they were their more expensive equivalents, […]
Study indicates that fatty foods can impair response to daily stress
Consuming high-fat foods during stressful times can negatively affect the body's "recovery" from the effects of stress, according to a new study from the University of Birmingham. Researchers found that eating fatty foods and other unhealthy foods to seek solace reduced vascular function and increased […]
Corn crop under the influence of rain
According to the Monitoring Bulletin of the National Supply Company (Conab), Minas Gerais, even with planting about to be completed, faces a challenge: the development of crops below the expected potential, a direct consequence of the soil's low water reserve. Contrasting this scenario, in Rio Grande do Sul, corn crops sown in […]
China will respond to exchange rate fluctuation risks to support exporters: ministry
China's Ministry of Commerce said on Thursday that it will work with the central bank and the entire government to manage exchange rate fluctuations throughout 2024 if the yuan begins to recover against the dollar and make already expensive exchange rates more expensive. weak Chinese exports. The manufacturers of the second largest […]
Bunge begins construction of factory in the Netherlands
Bunge, a global agribusiness giant, has started construction of its new factory in the Port of Amsterdam, in the Netherlands. The company announced on December 8 that the plant will replace the Maasvlakte refinery in Rotterdam and gradually transfer production from Bunge's current unit in Wormerveer to the new facility, with […]
Bulgarian Ministry of Agriculture proposes draft quotas for Ukrainian imports
The Bulgarian Ministry of Agriculture has proposed implementing preliminary quotas for certain Ukrainian imports such as sunflower seeds and sunflower oil, as reported by AgriCensus. However, the operation and start date of the quotas were not clarified, as indicated in the December 11 report. Meanwhile, many Ukrainian traders […]
Sime Darby will restore 400 hectares of peatlands
Sime Darby Plantation Berhad (SDP), a Malaysia-based palm oil company, has announced plans to restore 400 hectares of peatlands. The company announced on November 26 that instead of replanting palm trees in peatlands at SDP's Sarawak operation in East Malaysia, it will restore […]
USDA revises down Indonesian palm oil production forecast to 45.8 million tons in 2023/24
The United States Department of Agriculture (USDA) has revised downwards its projections for palm oil production in Indonesia in 2023/24, setting it at 45.8 million tons, due to lower productivity resulting from the El drought. Niño. The USDA Indonesia: Oilseeds and Products Update report indicated that precipitation between June […]
