Malaysian palm oil exports of 862,215 metric tons continue to suffer and are 14% less than what was seen during first 25 days of May, as well as 12.5% less than the 985,534 MT shipped over the same period in June 2017 according to cargo surveyor SGS. Weakness in RBD palm olein demand continues to drive the weaker export data.
Crude palm oil (CPO) demand is fairly strong, up 54% to 115,080 MT over…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...