Canola is best poised to take advantage of this opportunity because it contains far more oil than competing crops and is already the preferred feedstock for the EU biofuel industry. | File photo

EU biofuel restrictions could benefit canola

Canola could be the big beneficiary of a growing movement in the European Union to ban other types of biodiesel feedstocks, says an industry executive. On March 22, 2021, Belgium notified the European Commission of its intention to ban biofuel made from palm oil and soybean oil effective Jan. 1, 2022. France was the first […] Read more

An analyst hopes higher Indonesian production and exports will help alleviate vegetable oil supplies that are too tight. | Getty Images

Canola should shrug off increase in palm oil

The world’s largest producer of palm oil will harvest and ship out a record crop in 2021-22, according to the U.S. Department of Agriculture. However, that is not something Canadian canola producers should be fretting about because of low vegetable oil stocks heading into the new crop year, said MarketsFarm analyst Bruce Burnett. “We need […] Read more

Restrictions may curb palm expansion

JAKARTA, Indonesia (Reuters) — An Indonesian rule limiting plantation areas to just 250,000 acres for new palm oil firms threatens an ambitious production goal of 40 million tonnes by 2020, says an industry group. The country’s soaring palm oil production is expected to hit 31 million tonnes this year, up from 12 million 10 years […] Read more