date:Oct 26, 2012
or biodiesel plants and a food ingredient.
A ruling by the US Environmental Protection Agency requiring domestic blending of 1.28bn gallons of biodiesel in fuel next year, up from 1bn gallons this year, by itself could expand demand for soyoil by over 1bn pounds, which could trigger a steep drop in season-ending stocks to 1.27bn pounds, Mr Deguelle said.
This level is insufficient to meet US domestic demand.
China's appetite for the complex will be boosted by soyoil's status as the country's