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.
Malaysian palm oil exports are down 30,324 MT on a month over month basis through the first 25 days of April. The month started out on solid footing with exports 21% higher over the first ten days. However, that was apparently the high-water mark, as export activity dove tailed since then. Exports of 866,297 MT are currently 3.4% lower on a month over month comparison and 2.7% less than the…