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- (-) Biofuels
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The planned rollout of 10 percent biodiesel blend (B10), initially scheduled on July 1, 2016, and deferred to January 1, 2017, has been postponed indefinitely.
Total ethanol production for 2018 is forecast to grow on strong demand and policy support.
Local ethanol production is expected to increase through 2018 with import growth not expected to fully offset rising demand.
Taiwan is a mature and stable market. The primary driver behind soybean imports is demand for soybean meal for animal feed.
Corn future and spot prices have dropped to their lowest levels in six years.