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.
Meat and bone meal prices into the China were steady this week. Most sellers reported a quiet market due to the Golden Week celebrations. Trading into Indonesia was up $10 CIF on the topside, but the bottom end of the range remains in place. US sellers have found strong resistance in their push to move prices higher ex-US.
Meat and bone meal prices moved higher into and out of Australia. A surging soybean meal market and tighter production have pushed values as high as A$710, but the bulk of trading this week was in the $600 – 680 MT range for export and $580 – 640 for domestic. The strong export demand continues to move the New Zealand market higher, trading was done at higher levels for 45 and 50 pro MBM…