Palm oil exports soared 53% higher to 1.07 million metric tons, continuing on the rapid pace seen over the first half of the month. May 1 through 20 exports are 368,722 metric tons more than what was shipped during the same April time frame. Demand for crude palm oil (CPO) continues to be the market driver this month. CPO shipments are up 791% month over month, which translates to 331,043 MT more in exports.
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01.28.2025
US animal fats and oils Gulf markets show continued price strength amid tight conditions
The US animal fats and oils markets were stable to higher on Tuesday January 28, supported by ongoing discussions of strong demand.
The Gulf Coast region has experienced...
01.28.2025
US weekly corn, soybean export inspections decline; wheat up 85%
Export inspections of US grains showed a decline for corn and soybeans, while wheat increased in the week to January 23, according to data from the USDA released on...
01.28.2025
Quiet hide market as cattle prices hit record highs
The hide market had minimal activity on Tuesday January 28, as Chinese tanners continued their Lunar New Year celebrations and global customers remained quiet, according to several hide sellers....