Argentina eyes more biodiesel exports in light of low soy oil prices

In Argentina, biodiesel exports are expected to rise again thanks to falling soy oil prices and biodiesel processing facilities located at ports. Soy oil prices have fallen as China chooses to import raw soybeans for crushing domestically while India chooses between soy oil and palm oil depending on price point. Soy oil prices have fallen more than 35% since April 2012 with no significant increase expected, leading producers to look for more value added outlets like for biodiesel.