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.
Prices into Indonesia and China were steady for Meat and Bone Meal. Sources reported that the shipping window is rapidly closing for pre-Ramadan shipment. With the close of the pre holiday demand, sources are anticipating lower prices as many buyers in Indonesia will work through their stockpiles before resuming their purchasing.
Figure 1.
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