Large Share of U.S. Biodiesel Production Being Exported

Exports represent almost half of U.S. biodiesel production.

Domestic usage of biodiesel has been modest in recent months because soybean oil prices have risen above the breakeven level for biodiesel production in the U.S. Nearly half of all U.S. biodiesel production from November through January was exported, with basically all of the shipments going to the EU-27.

With the U.S. dollar weak relative to the Euro, biodiesel prices in the EU are significantly higher than those in the United States. Europe's biodiesel production capacity and the rise in vegetable oil prices have combined to the point where Europe is unable to meet its ambitious biofuel usage targets.

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