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ofimagazine.com > news > iran-approves-plan-to-impose-tolls-on-strait-of-hormuz

Iran approves plan to impose tolls on Strait of Hormuz

1+ day, 36+ min ago  (600+ words) Published 2nd April, 2026 The Iranian Parliament's Security Commission has backed a plan to introduce tolls for vessels passing through the Strait of Hormuz " the key shipping corridor through which around a fifth of global oil supply flows " and ban American and…...

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ofimagazine.com > news > philippines-pushes-for-b5-biodiesel-blend-to-cushion-impact-of-higher-crude-oil-prices

Philippines pushes for B5 biodiesel blend to cushion impact of higher…

1+ week, 6+ day ago  (329+ words) Published 20th March, 2026 A committee under the Philippine Council for Agriculture and Fisheries (PCAF) is pushing for a higher biodiesel blend that could improve vehicle mileage and cushion the impact of surging fuel prices amid the ongoing war in the Middle…...

Oils & Fats International
ofimagazine.com > news > fao-vegetable-oil-price-index-in-february-reaches-highest-level-since-june-2022

FAO Vegetable Oil Price Index in February reaches highest level since…

2+ week, 2+ day ago  (288+ words) Published 17th March, 2026 Global vegetable oil prices rose in February driven by higher prices of palm, soyabean and rapeseed oils, more than offsetting lower sunflower oil quotations, according to the benchmark United Nations" Food and Agriculture Organization (FAO) Food Price Index…...

Oils & Fats International
ofimagazine.com > news > cocoa-price-slump-impacting-farmers-in-ghana-and-ivory-coast

Cocoa price slump impacting farmers in Ghana and Ivory Coast

2+ week, 3+ day ago  (809+ words) Published 16th March, 2026 Following a surge in the cost of cocoa in 2024, prices have since slumped, along with cocoa butter prices. Cocoa prices have fallen to three-year lows as market fundamentals increasingly point to oversupply, according to a 4 March Lipsa report....

Oils & Fats International
ofimagazine.com > news > us-soyabean-oil-usage-in-biofuel-production-set-to-rise-by-17

US soyabean oil usage in biofuel production set to rise by 17%

3+ week, 2+ day ago  (769+ words) Published 10th March, 2026 The volume of US soyabean oil used in biofuel production is forecast to increase by around 17% in 2026/27, according to a report by the US Department of Agriculture (USDA). A rise in soyabean production and planted area was also…...

Oils & Fats International
ofimagazine.com > news > philippines-to-prioritise-coconut-industry-as-exports-expected-to-hit-us-3bn-in-2026

Philippines to prioritise coconut industry as exports expected to hit…

3+ week, 3+ day ago  (220+ words) Published 9th March, 2026 The Philippines will prioritise the development of the country's coconut industry this year, as government projections show the sector could generate up to US$3bn in export revenues in 2026, the Daily Tribune reported. Citing the industry as a key…...

Oils & Fats International
ofimagazine.com > news > imports-of-us-soyabeans-and-other-products-could-be-impacted-by-proposed-eu-zero-tolerance-limit-for-non-approved-pesticides

Imports of US soyabeans and other products could be impacted by…

3+ week, 6+ day ago  (249+ words) Published 6th March, 2026 The European Union (EU)s proposed zero-tolerance limit for non-approved pesticides could impact imports of US soyabeans and other products, according to a US Department of Agriculture (USDA) report. On 16 December 2025, the European Commission (EC) published its draft…...

Oils & Fats International
ofimagazine.com > news > major-shipping-firms-suspend-operations-through-strait-of-hormuz-amid-escalating-middle-east-crisis

Major shipping firms suspend operations through Strait of Hormuz amid…

4+ week, 1+ day ago  (418+ words) Published 5th March, 2026 The vital Strait of Hormuz shipping route is effectively closed and crude oil and gas prices have surged as a result of the escalating US-Israeli conflict against Iran. At least 150 vessels were stranded in and around the strait,…...

Oils & Fats International
ofimagazine.com > news > ukraine-remains-leading-sunflower-oil-supplier-to-eu

Ukraine remains leading sunflower oil supplier to EU

4+ week, 2+ day ago  (214+ words) Published 4th March, 2026 Ukraine has retained its position as the leading sunflower oil supplier to the European Union (EU), according to European Commission (EC) data reported by Germany's Union for the Promotion of Plants and Protein (UFOP). From 1 July 2025 to 1 February…...

Oils & Fats International
ofimagazine.com > news > cofco-ships-certified-sustainable-soyabeans-to-bangladesh-and-vietnam

COFCO ships certified sustainable soyabeans to Bangladesh and Vietnam

1+ mon, 4+ day ago  (12+ words) COFCO ships certified sustainable soyabeans to Bangladesh and Vietnam'Oils & Fats International...