The supply chain disruption that is currently underway in India, is impacting organic soybean meal prices but this is not helping suppliers or consumers. Organic soybean meal prices FOB India have slipped to 620 per metric ton FOB India, but transportation has climbed offsetting some of the losses. The Jacobsen has heard prices in the high 700 to low 800s depending on the mid-west location and slightly lower in PA. It appears that the India soybean meal that has reached the US has landed in Baltimore, but little has arrived in California.
COVID infections continued to accelerate in India. India reported a record spike in coronavirus cases On June 18. The 12,881 new infections registered, was the first time India’s daily tally has exceeded 12,000. The Health Ministry confirmed a total of 160,384 active cases. Merchandisers are reporting that the port activity is approximately 15% of normal. Apple Mobility shows that the driving movement in India is down 46%…
11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...