EU gives thumbs up for US soybean imports as biodiesel feedstock

January 29, 2019 |

In Belgium, Reuters reports that the European Commission has approved US-produced soybeans under its low ILUC policy, opening the door for imports of soybeans as biofuel feedstock. It’s good news for US farmers who have suffered from the US’s ongoing trade war with China but upset others in Europe. Already since a temporary agreement in July allowed soybean imports from the US which saw volumes jump 112% on the year during the second half of 2018, with US origin soybeans now accounting for 75% of the European market.

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Category: Producer News

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