SOYBEAN OIL – A COVID-19 SUCCESS STORY THAT MIGHT LAST
February 1st, 2021
With global markets and daily consumer habits being disrupted for almost a year due to the ongoing global Covid-19 pandemic, some oils and fats sales have grown – and a key example is soybean oil. This is true worldwide, from North and South America, to Africa, Asia, and Europe. In the United States, where soybean oil has historically been the largest feedstock for biodiesel in volume and market share terms, this key use expanded still further in 2020. USA Energy Information Administration (EIA) figures show that last May 2020, 805 million lbs soybeans were ...
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