05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Export data from cargo surveyor Intertek Testing shows that palm oil shipments for export declined by 18% during February, which comes on the heels of a 10% drop in January. Shipments have been falling as demand for the tropical oil from top importing countries China and the EU has waned.
Monthly palm oil exports were estimated to be 943,135 metric tons in February, down from Intertek’s 1.15 million metric ton estimate for…