Fat prices out of and in Australia are unchanged. Sources are reporting a striking lack of liquidity with tightening supplies and a well-sold market. Traders have suggested the market is very difficult to trade at the moment because producers are asking for higher prices for small volumes, but buyers are unwilling to pay up due to cheaper palm products throughout Asia. Palm stearin prices are up $40/MT FOB over the last month and sellers may be closer to…
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...