2023 Biofuel Demand for Canola Oil Reaches Record High

2023 Biofuel Demand for Canola Oil Reaches Record High

** 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.”

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

04.26.2024

P66 Rodeo to begin producing SAF in Q3

P66 Rodeo to begin producing SAF in Q3

Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...

04.26.2024

Slower Gulf demand weighs on animal fats market

Slower Gulf demand weighs on animal fats market

Limited volumes of choice white grease traded at steady prices on Friday April 26, while trading was very quiet outside of the choice white grease market.

Price direction in...

04.26.2024

Porcine bloodmeal FOB Missouri River price drops week on week

Porcine bloodmeal FOB Missouri River price drops week on week

Limited trade was reported on Friday April 26 for US animal proteins, while prices widened downward.

Fastmarkets assessed bloodmeal, porcine, fob Iowa/Missouri/Nebraska at $1,025-1,150 per short ton on...

Latest Tweets