Declining demand and the ability to switch to soy bean oil has reduced the demand for palm oil. The Malaysia Palm Oil Board reported that total crude palm-oil production in November fell 19% from October to 1.65 million metric tons. In addition palm oil stocks rose 2.6% month over month and are now 28% higher year over year at 1.75 million tons.
Concerns about reduced production…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...