# Renewable diesel boom creates surge in feedstock imports | Agri-Pulse Communications, Inc.

> Agri-Pulse reports that renewable diesel demand has driven a surge in imports of animal fats and vegetable oils, which more than doubled between 2020 and 2023. Used cooking oil accounts for much of the growth, and the industry has so far sourced feedstocks without strain.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/15210-renewable-diesel-boom-creates-surge-in-feedstock-imports-agri-pulse
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Heavy import demand for feedstocks supports global vegetable oil prices, and tighter 2025 supply after tax credit changes could add upward pressure.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-06-11 | [U.S. Renewable Diesel Production Growth Drastically Impacts Global Feedstock Trade \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/15204-u-s-renewable-diesel-production-growth-drastically-impacts-global-feedstock.md) | +0.3% | +0.5% |
| PALMOIL | 2022-05-03 | [Renewable Diesel Policy to Hit Soy Trade Flows \| CZ app](https://feedsoft.ai/events/15396-renewable-diesel-policy-to-hit-soy-trade-flows-cz-app.md) | -9.5% | -9.0% |
| PALMOIL | 2019-04-15 | [Palm oil-based biodiesel exports to China and EU surge in first…](https://feedsoft.ai/events/59478-palm-oil-based-biodiesel-exports-to-china-and-eu-surge-in-first.md) | +0.1% | -9.1% |
| PALMOIL | 2024-06-04 | [India Sees Surge in Palm Oil Imports Amid Price Correction \| Headlines](https://feedsoft.ai/events/8033-india-sees-surge-in-palm-oil-imports-amid-price-correction-headlines.md) | -3.8% | -0.3% |
| PALMOIL | 2023-11-01 | [WTO agrees dispute panel to review EU import duties on Indonesian biodiesel](https://feedsoft.ai/events/15688-wto-agrees-dispute-panel-to-review-eu-import-duties-on-indonesian-biodiesel.md) | +2.7% | +5.7% |
| SBO | 2021-09-02 | [Chevron to invest in Bunge soybean crushers to secure renewable feedstock](https://feedsoft.ai/events/45152-chevron-to-invest-in-bunge-soybean-crushers-to-secure-renewable-feedstock.md) | -0.9% | +1.0% |
| SBO | 2024-06-04 | [India Sees Surge in Palm Oil Imports Amid Price Correction \| Headlines](https://feedsoft.ai/events/8033-india-sees-surge-in-palm-oil-imports-amid-price-correction-headlines.md) | +0.5% | +4.7% |
| SBO | 2019-08-13 | [Agri Trends- Imports of vegetable oils into South Africa reach a 7-year record.](https://feedsoft.ai/events/57692-agri-trends-imports-of-vegetable-oils-into-south-africa-reach-a-7-year-record.md) | -3.2% | -4.3% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/21265-renewable-diesel-boom-creates-surge-in-feedstock-imports

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.