Crude palm oil prices are consolidating Thursday after pushing below weekly support levels as a strong recovery in Malaysia’s crude palm oil production in March and April, are weighing on price action. Forecasts for output in the No.2 grower are expected to surge 18 percent in March from a month ago to 1.32 million tonnes which would be its first rise since August. The pick up in output is expected to overtake…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...