SASKATOON — The biofuel market for vegetable oil might not be as massive as once envisioned, according to a commodity price reporting agency. Sustainable aviation fuel (SAF) will be the biggest driver of the biofuel market over the next two decades, Joao Morciani, agriculture and biofuel analyst with Fastmarkets, said during a recent webinar. Related […] Read more
Tag Archives vegetable oil
Vegetable oil hits aviation turbulence
Sustainable aviation fuel was seen as major new market for vegetable oil, but stiffer competition may dash those hopes
Bunge lifts 2023 outlook on vegoil success
CHICAGO, Ill. (Reuters) — Global crop trader and processor Bunge lifted its 2023 outlook on Oct 26 after its third-quarter profit topped Wall Street expectations, though earnings were lower year-on-year. Solid crushing results in Brazil, Asia and North America, and strong vegetable oil demand helped the world’s largest oilseed processor offset weaker results in Argentina, […] Read more
World food prices rebound as vegetable oil rises
PARIS, France (Reuters) — The United Nations food agency’s world price index rebounded in July from two-year lows as vegetable oil markets rose following renewed tensions over grain exports from Ukraine and concerns over global production. The Food and Agriculture Organization’s price index, which tracks the most globally traded food commodities, averaged 123.9 points in […] Read more
Yeast-grown vegetable oil tackles palm oil’s green problem
Lab-grown food has many hurdles to overcome and the greatest of them might be getting consumer acceptance. People might pack their shopping carts with all sorts of processed foods loaded up with sugar, fat and hard-to-pronounce ingredients, but lab-grown food is a step too far for many. But what about a lab-grown ingredient that replaces […] Read more
Sustainable aviation fuel facility proposed for Manitoba
Provincial and federal governments kick in $2.9 million to support an engineering design study for the $1.9 billion project
Douglas Cole said he believes the market for sustainable aviation fuel is poised to skyrocket. The feedstocks for the proposed sustainable aviation fuel plant in Portage la Prairie would likely be canola and soybean oil.
Viterra-Bunge deal not a surprise for industry watchers
Viterra and Bunge are merging operations in a deal where Viterra shareholders are receiving $6.2 billion worth of Bunge shares and $2 billion of cash.
High oleic soybeans come to Canada
Sevita plans to release more high-oleic varieties in the future to take advantage of the massive global market for vegetable oils.
War dries up Europe’s access to vegetable oil
The European Union needs to find a way to replace much of the vegetable oil it used to import from Ukraine, says an industry official. Loic Boucher, Corteva Agriscience’s oilseed marketing lead for Europe, the Middle East and Africa, said Ukraine is a major global exporter of the commodity. And the European Union is its […] Read more
Global vegetable oil users find themselves in a tough spot
Consumer packaged goods sector will find it difficult to replace sunflower oil supplies threatened by the war in Ukraine
The war in Ukraine has profound implications for global vegetable oil markets, such as boosting demand for high oleic canola oil, say analysts. Ukraine typically accounts for about half of the world’s sunflower oil exports or about five to six million tonnes per year. “That’s a tremendous amount of oil,” said Bill Lapp, founder of […] Read more
Fill’er up … with vegetable oil
Farmer converted his Massey combine to run on used vegetable oil but warns farmers not to try it with expensive machinery
ROSETOWN, Sask. — The fragrance of fresh french fries floats over the field of flax. Ray Labrecque was on the final few rounds to finish harvest on his 1,000-acre farm and had only burned about 200 gallons of diesel in his combine this year. That’s because he converted his 1997 8570 Massey to run on […] Read more
