Chinese UCO export opportunity to US to persist in coming months: traders

The market conditions to export Chinese used cooking oil to the US will persist in the months ahead amid incentives from the Inflation Reduction Act, while outflows to Europe have fallen amid the EU’s probe into allegations of fraud surrounding volumes from China, trade sources told S&P Global Commodity Insights. Chinese UCO exports have been shifting this year to fulfill…The market conditions to export Chinese used cooking oil to the US will persist in the months ahead amid incentives from the Inflation Reduction Act, while outflows to Europe have fallen amid the EU’s probe into allegations of fraud surrounding volumes from China, trade sources told S&P Global Commodity Insights. Chinese UCO exports have been shifting this year to fulfill…  Read More