Jakarta | Reuters — Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely used in products ranging from […] Read more
Indonesia bans palm oil exports as global food inflation spikes
Government under pressure to control cooking oil prices
U.S. oil refiners press on renewable diesel for Canadian market
Few such projects seen moving forward within Canada
Winnipeg/New York | Reuters — U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian refiners modify their own plants. Canadian Prime Minister Justin Trudeau’s government intends to present its Clean Fuel Standard this year, aiming to cut 30 million tonnes of emissions by […] Read more
Palm oil 101: Sought-after crop holds sway over oilseed trade
MarketsFarm — Palm oil may be grown halfway around the world in conditions much different than on the Canadian Prairies, but the outsized influence of the crop on world oilseed markets makes it an important factor to watch when considering canola prices. Indonesia and Malaysia are the world’s largest producers of the crop, with futures […] Read more
Richardson to buy Wesson cooking oil brand
A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets — including a 280,000-square foot U.S. processing plant at Memphis — to Richardson for an undisclosed sum. Wesson-branded retail […] Read more
Smucker drops bid to buy Wesson Oil after U.S. objects
Washington | Reuters — J.M. Smucker Co. said on Tuesday it will abandon its plan to acquire Conagra Brands’ Wesson Oil brand after the U.S. Federal Trade Commission had moved to block the deal arguing it would likely lessen competition and violate anti-trust law. Mark Smucker, CEO of J.M. Smucker, said “it is not in […] Read more
U.S. top court lets Conagra cooking oil class action proceed
Washington | Reuters — The U.S. Supreme Court on Tuesday refused to hear a bid by Conagra Brands to escape a class-action lawsuit accusing it of falsely labeling its cooking oil as 100 per cent natural even though it had genetically modified ingredients. Conagra had asked to the justices to hear its appeal of a […] Read more
Quebec police bust alleged veg-oil theft ring
Updated — Seven people in Montreal and Laval were arrested Thursday morning and more arrests are expected, linked to what provincial and local police allege has been a major theft ring for used cooking oil. The Surete du Quebec’s Montreal division and the Service de police de Laval said Thursday the seven are alleged to have […] Read more
Cyber-Savvy Farmer
