RBD soybean oil basis falls as refiners adjust to falling demand

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RBD soybean oil basis falls as refiners adjust to falling demand

The refined, bleached and deodorized (RBD) soybean oil basis is falling this week as refiners are grappling with declining forward demand.

“It’s been super quiet leading up to and even more so today. It feels like most of the end users are covered through March, which has some of the refiners nervous about extended supply based upon forward biofuel policy, etc…,” a vegetable oil trader s...

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Godrej International director Dorab...

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