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Stock impact report

US Opens Way for Brazil Used Cooking Oil in Blow for Farmers [BNN Bloomberg (Canada)]

Bunge Limited Common Shares (BG) 
Last bunge limited common shares earnings: 2/12 06:00 am Check Earnings Report
US:NYSE Investor Relations: bunge.com/investors
Company Research Source: BNN Bloomberg
The US has recognized international certification for Brazil's compliance with some sanitary and technical standards, according to a joint statement from the South American country's ministries of foreign affairs and agriculture. To meet US requirements, Brazil's government will issue certification of traceability, identity and origin of used cooking oil, or UCO. The move comes at a time when the US is being flooded with low-carbon feedstocks including waste oil and tallow for production of green diesel. That has weighed on prices for soybean oil, which is also used to make renewable fuel, eroding profits for companies such as Bunge Global SA and Archer-Daniels-Midland Co. and jeopardizing expansion plans. US imports of used cooking oil more than tripled in 2023 from a year earlier, with more than half coming from China, according to the US International Trade Commission. The increase from China has stirred speculation that some imports may not be authentic and instead are mixed Show less Read more
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