US shifts to net soybean oil importer on biofuel boom: Foreign Agricultural Service
October 13, 2023 Comments Off
A surge in US biofuel demand will flip its domestic soybean oil trade and make it a net importer in MY 2023-24 (September-August) for the second consecutive year, the US Foreign Agricultural Service said Oct. 12 US soybean oil derivative exports for MY 2023-24 was estimated in FAS’ latest report at 159,000 mt, against imports of 181,000 mt, again making…
US shifts to net soybean oil importer on biofuel boom: Foreign Agricultural Service
A surge in US biofuel demand will flip its domestic soybean oil trade and make it a net importer in MY 2023-24 (September-August) for the second consecutive year, the US Foreign Agricultural Service said Oct. 12 US soybean oil derivative exports for MY 2023-24 was estimated in FAS’ latest report at 159,000 mt, against imports of 181,000 mt, again making…
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