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Latest From F O Licht staff
US agribusiness giant Bunge is in talks with British oil major BP Plc to form a sugar and ethanol joint venture in Brazil.
The moratorium on new forest clearing for palm plantations or logging operations, which has been regularly extended since 2011, will become permanent, the Forestry and Environment Minister, Siti Nurbaya Bakar, has said.
Poland's government is against the European Union’s proposed plan to phase out the use of palm oil until 2030 under the Renewable Energy Directive II (RED), and stressed that it does not intend to reduce the demand for Malaysian palm oil.
The Brazilian government's commodity forecaster Conab raised its estimate of the 2018/19 cane crush to 620.44 million tonnes in its fourth and final estimate for the crop from 615.84 mln in the previous projection in December.
Sugar mills in Brazil's Centre/South are estimated to crush 572 million tonnes of cane in the 2019/20 crush, local consultancy Archer said in its first estimate for the new season.
With the vast majority of South Korea's coffee imported from overseas, the country's coffee product imports surged to record levels last year, on the back of burgeoning demand for the beverage.