Wednesday, June 14, 2006

DJ USDA Attache: Biodiesel Impacts EU Oilseed Mkts

(Comtex Business Via Thomson Dialog NewsEdge)DOW JONES NEWSWIRESJun 14, 2006 (Dow Jones Commodities News via Comtex) --The European Union oilseed situation is largely influenced by the demand for biodiesel. Despite the two last years record harvests of rapeseed the demand for rapeseed oil is still higher than the supply. This has caused turbulence on the market and crushers are now changing the plants from soybeans to rapeseed or multi-seed crushing plants, according to a U.S. Department of Agriculture attache report posted on the Foreign Agricultural Services Web site.

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