** Amanda is out of the office and will be returning February 14. Please contact Bob Lane at [email protected] during her absence**

U.S. biofuel policies had a strong impact on vegetable oil trade and demand during 2023. According to USDA data, U.S. biofuel policy “has created a wedge between U.S. prices and world prices, which has impacted global vegetable oil and processed oil trade volumes. U.S. vegetable oil exports in marketing year (MY) 2022/23 declined significantly while vegetable oil imports increased to a record high.”

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