Analysts: EU biofuel demand causing sellout of rapeseed oil

10/19/2005 | Reuters

High energy prices and government tax exemptions for biofuel have increased demand for rapeseed oil and have caused many producers in the EU to sell out, despite running at full production, according to German oilseeds analysts Oil World. Biodiesel and rapeoil are now sold out in northern Europe, and the region is seeking to import rapeseed oil from Canada.

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