03.28.2024
LCFS credit volumes, average prices move higher
**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**
**Bob Lane was out of the office today.**
California low carbon...
Organic soybean meal prices in India remain subdued, hovering near the $605 level FOB India. The Jacobsen has heard prices as low as $590, and as high as $620. Soybean prices in India have been weighed down by robust soybean imports into India following free trade agreements from African countries that eliminated the 30% oilseed import duty during the February through April period.
Planting of soybean in India has climbed for the 2020/2021 season which was likely a function of the increase in the minimal selling price which was increased to $490-500 US per metric ton (conventional which are non-GMO). With rains helping to buoy yields, it appears destine that the Indian government will be purchasing substantial volumes of beans.
Vital Farms launched an initial public offering on Friday, and…