But grain-market watchers also credit the federal government’s Clean Fuel Standard, scheduled to take effect next year, which requires a reduction in the carbon content of gasoline, diesel and other fuels of between 12 and 14 per cent by 2030. announced new or expanded crushing plants in Saskatchewan that could increase the nation’s canola production capacity to about 15.5 million tonnes a year – a surge from today’s 11 million.Ĭanola prices have reached unprecedented heights since 2020, driven largely by vigorous demand for traditional products such as animal feed and oil for human consumption. Within a matter of weeks this spring, grain giants Richardson International Ltd., Cargill Ltd. soybeans.Please log in to bookmark this story. Interdependence of China, United States, and Brazil in Soybean Trade This report reviews factors driving China's imports of soybeans and production in Brazil and the United States, price dynamics, and market adjustments to China's retaliatory tariff on U.S. Model-based simulations find that with imported soybeans, processors could more fully utilize their existing crush capacity, reduce their unit costs, and sharply expand their sales volumes and revenues-leading to substantial economic benefits.
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