Global Vegetable Oil Outlook: Weather and Biodiesel Mandate to Dictate Availability, says Beroe Inc

The global vegetable oil market outlook for 2023 is impacted by various factors such as weather and biodiesel mandate. The severe moisture stress in parts of Brazil and Argentina due to La Niña is likely to impact the soy crop output which is expected to be harvested in early 2023. The EU Rapeseed oil demand as a feedstock for biodiesel and the extent to which Brazil imposes the Biodiesel mandate (with soy oil as a feedstock) are key to the availability of surplus veg oils for consumption. Brazil is likely to bring a biodiesel admixture of 15 percent by March 2023, paving way for higher soybean crushing. The market outlook for prices also fluctuate depending on the vegetable oil and the impact of these factors on them.

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About Beroe:

Beroe is a global SaaS-based procurement intelligence and analytics provider. We deliver intelligence, data, and insights that enable companies to make smarter sourcing decisions – leading to lower cost, reduced risk, and greater profits. Beroe has been a trusted source of intelligence for more than 15 years and presently partners with 10,000 companies worldwide, including 400 of the Fortune 500 companies. For more information about Beroe Inc., please visit https://www.beroeinc.com/.

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