A weaker ringgit helped to buoy palm oil exports. As the domestic currency becomes cheaper, exports become more attractive to other countries.
Cargo surveyor Intertek Testing provided data that showed stronger export activity in April 1 through 20 compared to the same period in March. Overall, exports were up nearly 10%, despite crude palm oil (CPO) shipments falling by 65%….
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...