US President Joe Biden’s green energy policy, especially his supportive stance on biodiesel, is the most important factor for the vegetable oils market, opined Godrej International Ltd’s director, Dorab Mistry.
“In addition, the biodiesel mandate will be fulfilled, passed and insisted upon in full; with a 100% biodiesel mandate, B100 will be available for use in the US.” With regard to the impact of biofuel on the edible oils market, ISTA Mielke GmbH executive director Thomas Mielke noted that such policy measures are an uncertainty to watch.