In Malaysia, Reuters reports palm oil prices fell nearly 10% to around $1,475 per metric ton on Monday as profit taking took place amongst a number of oil futures contracts around the world. Palm oil prices rose by more than 20% over the past three weeks. Even though G7 agriculture ministers on Friday urged countries […]
In Spain, researchers from the Higher Technical School of Mining Engineers of the Polytechnical University of Madrid (UPM), in collaboration with the ETS of Industrial Engineers of the University of Castilla-La Mancha, have produced a new biodiesel from mixtures of low quality animal fats and soybean oil. The results obtained suggest that from these raw […]
In Brazil, soy oil demand is expected to jump to 3.6 million metric tons in 2018 as a result of the biodiesel blend increasing to 10% a year early rather than going to 9%. For the 8% blend in 2017, the demand is seen at 2.9 million tons. Soybean processing for biodiesel production will rise […]
In Germany, persisting summer rains have damaged the rapeseed crop to the point where European production is seen falling to just 21.6 million metric tons. French production will help to offset yield losses but Germany’s crop will still negatively impact supplies. Supply tightness will provide support to rapeseed oil prices in the face of pressure […]
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 […]
In Illinois, D4 RINs spiked to the year’s high of $1.20 following the news that the Department of Commerce would lob anti-dumping and countervailing duties on biodiesel imports from Argentina and Indonesia, up from $1.11 ahead of the announcement, but they slipped back to $1.15 as the market absorbed the news. Soy oil prices also […]
In Illinois, soy oil futures rose late last week in response to the US International Trade Commission’s determination that Argentina and Indonesia may be dumping biodiesel on the US market. Rabobank expects a significant tariff similar to the one implemented by the European Union in 2013 will eventually be lobbed on those imports, which will […]
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 […]
In Argentina, soy oil prices on the Chicago markets have jumped 30% since early March, which has led to a return of the food vs fuel debate locally. The fact that less than 20% of the oilseed is actually oil, the local industry argues that if demand for biodiesel increases and farmers respond with more […]
In Brazil, soy oil continues to be the feedstock of choice, with 77% of all biodiesel produced in 2015 coming from soy oil, up from 75% in 2014. A total of 3.9 billion liters were produced during the period, 15% more than the previous year. The boost in soy oil as a feedstock comes as […]
