04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Trading into Indonesia was reported steady, $540 – 560 CIF for ruminant MBM. Prices remain strong as sellers push to get material into Indonesian ports ahead of the 14 June cutoff date for pre-Ramadan shipments. Indonesian sources have reported that prices from Australia, New Zealand and the US remain strong and ex-US supply is tight due to at least one major seller needing USDA audits to approve their facilities for export. Sources have also…