The United States has been talking about the possibility of using canola for renewable diesel.
Jon Driedger is vice-president of LeftField Commodity Research.
“That’s something that’s very much on our radar,” he said. “It’s legislation and policy and sort of a regulatory dynamic that creates an element of uncertainty in regards to, do laws get passed, what do they look like? and that sort of thing. Certainly it’s one of the things, that’s on our radar, is the potential for demand for canola oil to increase substantially out of the U.S. depending a little bit on what those biofuel policies look like and if and when they pass.”
Driedger commented on what this would mean for Canada.