Demand for rapeseed to grow in North America

Published 2023년 12월 14일

Tridge summary

Demand for canola in North America is on the rise, driven by requests from both the biofuel and food sectors. The U.S. Canola Association is confident that planned expansion of canola acreage and processing capacity will meet this demand. In addition, the association believes that the supply of rapeseed and rapeseed oil will grow alongside production volumes, helping to keep prices under control.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Demand for canola in North America is increasing, and this trend may continue next year due to the growing number of requests to purchase raw materials from both the biofuel and food sectors. The U.S. Canola Association (U.S. Canola Association) press office said. “Given the planned expansion of canola acreage and processing capacity in North America, there should be enough supply to satisfy all markets,” the industry association commented. They also emphasized that rapeseed oil is an excellent feedstock for biodiesel, renewable diesel and clean aviation fuel (SAF). At the same time, according to representatives of the Association, ...

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