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…
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...