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 of 934,544 metric tons have shown an improvement over the past five days, but are still 8.1% less than what was seen over the first 25 days of July and 29% less than the 1.3177 million MT shipped over the first 25 days during August 2016. Typically, this is the time of year that volumes generally trend higher. Last year, 1.8 million metric tons was exported. In 2015, 1.6 million was…