A biodiesel trade war in the United States should result in new demand for Canadian canola oil, says an economist. The U.S. commerce department issued a preliminary ruling last week paving the way for antidumping duties on imports of biodiesel from Argentina and Indonesia. The duties range from 54 to 70 percent on soy biodiesel […] Read more
Tag Archives vegetable oil — page 2
Palm recovery weighs on oilseed price
The price of canola is determined by a host of factors. The supply and demand of canola is a key determinant but so too the global supply and demand for other types of oilseeds, particularly soybeans and palm oil. Currency fluctuations also work into the price. Canola prices are also affected by the markets for […] Read more
Oil prices set to rise for soy, canola
Expert predicts tight world stocks of vegetable oil will pressure prices for soy oil higher, which in turn will boost canola
Sean Pratt reports from the Oilseed & Grain Trade Summit in Minneapolis, Minn. MINNEAPOLIS, Min. — Market analysts are bearish on most agricultural commodities, but one is definitely bullish on soy oil, which bodes well for canola. Bill Lapp, president of Advanced Economic Solutions, said stocks of most agricultural commodities are rising, but that is […] Read more
Vegetable oil prices rally
Canola has been helped by a demand-driven vegetable oil rally in recent weeks, and some analysts think the rally can continue or at least the gains held. “It’s purely driven by demand, which is good,” said Errol Anderson, editor of the ProMarket Wire. Any dips will be met by additional buying, he said. “If it […] Read more
