Vegoils commentary

Vegoils commentary: CME soyoil plummets; no US tariff raise on Chinese UCO

14 May 2024

Soyoil futures on the Chicago Mercantile Exchange (CME) plummeted on Tuesday May 14 on reports that the US did not change the import duty on China-origin used cooking oil (UCO) while increasing tariffs for several Chinese goods.

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