20. August 2024

Chinese Biodiesel Pushes Down EU Rapeseed Oil Prices UFOP: rapeseed oil has great potential in the biofuel market In 2024, the volume of world biodiesel production may reach its highest point, while the intermediate growth in production of this product from year to year will be the highest. This forecast was announced by the managing director of UFOP (Union for the Promotion of Oil and Protein Plants) Stefan Ahrens. According to him, the development of biofuel industry is gradually taking its important niche and is a powerful driver for the agricultural sector. However, he notes, the biodiesel sector is still seeing declining use of rapeseed. "Rapeseed oil has great potential to replace the lack or decline in the use of palm or soybean oil in biofuel production. However, the question is, is there enough rapeseed on the market to meet demand? In this context, the conflict in Ukraine has been a challenge for the industry. Although a sufficiently high yield of oilseeds in the EU was able to partially compensate for the reduced supply of Ukrainian rapeseed on the market. But the problem remains, "- said the expert. At the moment, there is significant competition for biofuels on the market, and the agricultural sector will also have to fight for its share, said Ahrens.

China’s Biodiesel Exports Hit with EU Tariffs

Posted on 20. August 2024

The European Union (EU) has… Please register or login to a BASIC membership to read more. Gain access to: Limited free articles, Current price charts, World production charts (maps, statistics…) […]

Mustard Market Insights: Production, Arrivals, and Stock Dynamics for 2024

Posted on 20. August 2024

Strong Production Underpins Market Stability… Please register or login to a BASIC membership to read more. Gain access to: Limited free articles, Current price charts, World production charts (maps, statistics…) […]

Global Soybean and Canola Prices Continue to Decline Amid Market Pressures

Posted on 20. August 2024

Soybean Prices Hit New Lows… Please register or login to a BASIC membership to read more. Gain access to: Limited free articles, Current price charts, World production charts (maps, statistics…) […]

Black Sea Price Pressure Sends Wheat Markets Spiraling Downward

Posted on 20. August 2024

Paris Wheat Exchange Faces Continued… Please register or login to a BASIC membership to read more. Gain access to: Limited free articles, Current price charts, World production charts (maps, statistics…) […]

Dalian Grain Market Braces for Potential Price Decline Next Week

Dalian Millet Market Braces for Potential Price Decline Next Week

Posted on 20. August 2024

Increased Supply Pressure Amid Active… Please register or login to a BASIC membership to read more. Gain access to: Limited free articles, Current price charts, World production charts (maps, statistics…) […]

Adzuki Bean Market Faces Stalemate

Posted on 20. August 2024

Low Downstream Demand and Inventory… Please register or login to a BASIC membership to read more. Gain access to: Limited free articles, Current price charts, World production charts (maps, statistics…) […]

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