Chinese open up again for Argentine soy oil just in the nick of time

In Argentina, while the US biodiesel market closed, the Chinese soy oil market reopened following nearly a year when its doors too were closed. In 2015, Argentina exported $1.4 billion worth of soy oil to China. The reopening of the market is as a result of an agreement reached by the heads of state of both countries in May. China is looking to implement a biodiesel blending policy, which Malaysia and Indonesia are working together in hopes of jointly supplying the future market.