Wednesday’s vote by the European parliament on proposed limits for biofuels has the power to determine future prices of food stuffs like vegetable oil, according to a report by the EU’s Joint Research Centre (JRC).
The European Commission has published a new impact assessment on
the ten per cent biofuel obligation, in which it says cereal and
oilseed prices are likely to rise as a result of greater demand for
Scandinavian groups AarhusKarlshamn (AAK) and Lantmännen Energi
have signed an agreement to invest in a new rapeseed oil crushing
plant, in a move designed to meet the growing demands of the food
and biofuels industries.
Estimates that US soybean stocks could be as much as one million
tonnes lower than expected propelled a price spike on the futures
market last Friday, and could herald bullish prices for food makers
Estonian state-owned cooking oil manufacturer Werol Tehased has
announced plans to launch a pilot project for the production
protein derived from rape seed oil. The company is also mulling
over a number of other projects, including...
China this week launched a new labelling system to inform the
consumer about the presence of genetically modified materials. The
label, "GMFOOD", will eventually be attached to all kinds of food
but the first group of foods...