Bioenergy

Biodiesel Boom Changing Dynamics of Global Vegetable Oil Industry

New York, New York [RenewableEnergyAccess.com] A new study by Rabobank’s Food and Agribusiness Research group finds that the increasing global appetite for biodiesel and other biofuels is driving demand for vegetable oils to historic levels in world markets, leading to higher prices for vegetable oils relative to meals and causing soybean crushers to reevaluate their business models. … Speaking on biodiesel and canola at the “Biodiesel: Powered by Canola” conference in Alberta, Canada, Alejandro Reca, Executive Director of Rabobank’s Food and Agribusiness Research group in the Americas, discussed the dynamics driving the strong demand for biodiesels and predicted that the recent income gains in the global vegetable oil sector would be sustained over the long term.