Biodiesel demand sets an alarm for Canola price, already surging for its crop faltering.
Crude Canola Oil & Rapeseed Oil
Canada
Market & Price Trends
Caio Alves
Published Oct 21, 2021
The price of vegetable oils has been rising due to an increase in soybean prices. As soybeans are also being supplied to the biodiesel industry, farmers are currently receiving higher premiums. Consequently, importers to be more attentive to other oils for alternatives.
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