The European Union approved U.S. soybean imports for biofuel production. The announcement follows last summer’s trans-Atlantic meeting between President Trump and his EU counterpart. U.S. Soybean Export Council Vice Chair Monte Peterson says this is good news for the U.S. soybean industry. “With the soybean sustainability assurance protocol now in place, we’re anxious to see how that contributes to more exports to the EU.” Peterson says the soybean industry was expecting this trade announcement. “When it comes to market access issues, you never know how quickly things will or will not develop. It’s encouraging this is finally coming to fruition.”
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.