04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
European pricing on Cat 3 tallow is unchanged this week with no new trading reported. With higher palm prices over the last week, some are anticipating higher tallow values. Cat 1 tallow prices were reported around the 420€ ex works mark. UCO prices DDP were reported in a range of 610 – 630€ DDP, which would equate to a US$ equivalent of approximately $695 – 717.50.
Trading out of the New Zealand market was done at higher prices….