REGULATION OF TRANSPORT OF BIO-BASED OILS AND FATS BY SEE GETS MORE COMPLEX – BUT COMMERCIAL REWARDS REMAIN HIGH
September 1st, 2021
THE TRANSPORT of edible oils and fats by sea is not just big business – it has become increasingly regulated under international convention and controlled by industry standards, with a view to improving efficiencies and reducing the risk of pollution and contamination.
According to US-based Research & Markets’ September (2021) report, the global market for fats and oils is currently projected to generate revenues of USD236.7 billion in 2021, growing at a compound annual growth rate (CAGR) of 3.8% by 2026 to reach USD285.2 billion that year. The United ...
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