Thieves are stealing fryer oil from restaurants, as the price per pound climbs to 25 cents, up from 7.6 cents per pound in 2000. “[T]hanks to a 2007 energy law, oil companies must use 2 billion gallons of biodiesel this year, 100 million gallons more than last year, and the most ever in U.S. history. Most of that biodiesel is made from soybean oil, but old fryer grease is the second largest (and fastest growing) source,” says Eater.
The first edition of the revived Fats and Oils: Oilseed Crushings, Production, Consumption and Stocks report was delayed for two months, until Oct. 1, because of inadequate response by processors, said the USDA.
The FDA order to foodmakers to phase out artificial trans fats "will create opportunities for Canada's canola sector, especially high oleic varieties," says Commodity News Service Canada.