AS PRESIDENT Joe Biden prepares a new wave of tariffs against China, a US soybean trade group is pushing for higher levies on Chinese used cooking oil that it says is undercutting American crops used for biofuels.

A group that represents the biggest US soybean processors, including Cargill, Bunge Global and Archer-Daniels-Midland, wants the levies to be higher than the current 15.5 per cent rate, according to a notice the National Oilseed Processors Association (Nopa) sent to its members over the weekend that was seen by Bloomberg.

Nopa chief executive officer Kailee Tkacz Buller said the memo was sent in response to rumours of possible additional tariffs being applied on used cooking oil. Nopa members support a boost on par with other clean energy sources, such as electric vehicles and solar, to level the playing field, Buller said.

Soybean crushers worry a flood of used cooking oil imports from China is weakening demand for US crop-based ingredients that can be used to make renewable diesel and sustainable aviation fuel. There’s also widespread, unconfirmed speculation the used oil from Asia may not be authentic and instead is mixed with fresh vegetable oils, such as palm, potentially distorting commodity values and undermining US biofuel laws.

Soy oil values are down so far this year, though futures in Chicago have seen an uptick in the last couple of trading days as commodities traders await tariff news. Biden on Tuesday (May 14) is expected to unveil an increase in some tariffs first imposed under former president Donald Trump. It’s not known if the announcement will include used cooking oil.

White House officials declined to comment.

US growers of soy and other crops used to make renewable diesel stand to lose the most from the trade imbroglio, according to agriculture traders. That sets the stage for possible tension between farm groups and biofuel producers who are making money importing used cooking oil from China.

US imports of used cooking oil more than tripled in 2023 from a year earlier, with more than 50 per cent coming from China, according to the US International Trade Commission. The surge is eroding profits for processors who crush whole soybeans to extract the oil, forcing some plants to slow down.

The increased imports also jeopardise plans to ramp up US crushing capacity amid a flurry of government incentives aimed at making lower-carbon fuels to help fight climate change.

Nopa plans to discuss the tariff issue with members this week as well as look another possible option, according to the memo. BLOOMBERG

https://www.businesstimes.com.sg/internatio...oost-us-tariffs

To collect data what they fried

so now u know where all the gutter oil when to already

So they process it and sell back to US consumers?

No wonder there are so many obese Americans.

This post has been edited by 30624770: May 30 2024, 04:26 PM

Lol you posted the news but didn't read. It's for biofuels gutter oil pun ok since not for consumption

TS.. reading is a virtue.. please read b4 u post the title..

malaysia oso got.. if not how u think Mcd n KFC dispose of their oil? down the drain?

ts cut and paste shj and read headlines

Can make, Thinner, 火水 machine potong remput engine oil, machine oil, singer mesin jahit baju oil, WD 40 , and more

Example
Hiap huat chemical also the company always collect and recycle engine and cooking oil for other purpose use oil definitely not cooking related.

This post has been edited by zuozi: May 30 2024, 04:56 PM

Wumao no read before posting.

I read. That’s why I question why they importing used cooking oil from China. The article title is not like what I posted. The title I change because I am really puzzled why they need to resort to importing China’s used cooking oil and reprocess them? Do they have a shortage problem?

Ts intention to belittled usa..but backfired due to lack of comprehension..kek

So, what is the reason they importing those oil? They facing oil shortages problems?

Could be cost. Biufuel can be derived form both used cooking oil or straight from primary sources.
Desawi when we tried to promote our palm oil to the muricunts they lobby against it, starting deforestation la, burnt orang utan la, yet their land use is much worse than us.

Could be cost. Biufuel can be derived form both used cooking oil or straight from primary sources.
Desawi when we tried to promote our palm oil to the muricunts they lobby against it, starting deforestation la, burnt orang utan la, yet their land use is much worse than us.

The article mentioned the crop growers is pushing for import tariff. It's always about the money. Used cooking oil is cheaper

I guess is cheaper to import used oil from china compared to local, china also mostly use a lot of oil example mala hot pot so many left over oil after meal Compared to US who don't tiapx2 hari mala hot pot

They rather import used cooking oil than new palm oil which is kind of stupid

Palm seed oil can also cost more than used oil

Used oil via layer of layer filter plus additives

Palm oil specific heat+crushing to squeeze out every drop of oil+layer and layers of filtering+additive i guess used oil is more cost effective

maximise the profit

or gutter oil

US fast food also use a lot of oil for frying