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A key ingredient commonly found in kitchens could face a shortage in the coming months as global biofuel consumption surges due to climate change initiatives.
As reported by Bloomberg, Western nations are increasingly adopting plant-based energy sources, such as soybean or canola oils, or even animal fats, in a move to reduce carbon emissions by transitioning away from fossil fuels. This shift has presented a profitable opportunity for vegetable and palm oil producers to redirect some cooking oil supplies toward the transportation sector rather than their traditional use in food production.
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