AUS – $1 BILLION CANOLA EXPORT MARKET SECURED
Source: CSIRO Media Release – 18 December 2017
Following the submission of a CSIRO report funded by the Australian Oilseed Federation (AOF) members and the Australian Export Grains Innovation Centre (AEGIC), the European Commission has confirmed Australian canola meets strict new feedstock requirements for EU biodiesel.
To meet its own greenhouse gas (GHG) reduction targets, Europe would have shut its doors to Australian canola from 1 January 2018 unless Australian farmers demonstrated that they grow low-emission canola…
“The EU market is too valuable to lose for Australian canola growers. In 2016/17, Australian canola exports to the EU were typically worth over $1.0 billion, with nearly all those exports being used for biodiesel production,” Mr Goddard said. [Read more…]