American Bakers Association Seeks RFS Rollback

U.S. bread and donut makers want the Biden administration to roll back biofuels targets, claiming the Renewable Fuel Standard could raise the cost of their products. The American Bakers Association confirmed to Reuters association leaders met with the Environmental Protection Agency last week, requesting reduced biofuel blending mandates. Of particular interest to the industry is soy and canola oil, used for biofuels and food ingredients. The association seeks biofuel targets at a level last seen in 2019, or no new growth in mandates. EPA is again delayed in releasing new biofuel volume requirements for the upcoming year. Roughly 40 percent of U.S. soy oil goes to biofuels, with the rest for food ingredients. In response, National Biodiesel Board Vice President Kurt Kovarik told Reuters, “Undercutting the Renewable Fuel Standard is not a solution,” citing trade wars, pandemic disruptions, and adverse weather impacts to agriculture. The American Bakers Association represents companies such as Kroger, Krispy Kreme, and others.

Related articles

Thursday and Friday, November 24th and 25th, 2022 Programs

***No video interviews for our holiday programs on Thursday and Friday. Markets were open for a shortened session on Friday as well. Below are links to our Thursday and Friday episodes with various interviews...

Biden Wants Rail Unions, Freight Railroads to Settle Contract Dispute Themselves

President Biden wants rail unions and freight railroads to resolve their long-running contract dispute themselves, without saying publicly if he’ll intervene or ask Congress to do so, barring an agreement. Biden Press Secretary Karine Jean-Pierre...

Wednesday, November 23rd, 2022 Video and Audio Program

Overall, trade on Wednesday was fairly quiet headed into the Thanksgiving holiday. We did find some late buying interest in grains on the session and in turn, slipped lower in cattle and hogs on...

Farm State Senators Vent Over High Diesel Prices 

High input prices helped fuel debate over the next farm bill at a recent Senate Ag Committee hearing. High diesel prices mean high food prices, as farmers and truckers struggle to pay an average...

USDA Invites Producers to Respond Online to the 2022 Census of Agriculture

The USDA mailed survey codes to all known U.S. ag producers with the invitation to respond online to the 2022 Census of Agriculture at agcounts.usda.gov. The ag census is the nation’s only comprehensive and impartial...

Latest articles

Leave a Reply

%d bloggers like this: