Organic soybean meal prices in Europe and India remain elevated. Organic soybean meal FOB India is quoted between $900 and $950 per metric ton. Organic soybean meal in Europe delivered is quoted near 1,150 euros per metric ton for Q4. Merchandisers tell Fastmarkets/The Jacobsen that shipping costs continue to impede quotes for Q1. Shipping from India to Baltimore is quoted near $12,700 per FCL, close to $620 per metric ton. As a guide, this would put Indian organic soybean meal that has yet to ship near $1,550 CNF, not including an anti-dumping duty that is expected to be announced on 10/28/21. While it is possible, there has not yet been any organic soybean meal shipped from the EU to the United States.
Shipping and trucking costs continue to make the organic feed grain market a problematic place to transact. With Pennsylvania and California the demand hubs for organic feed grains, shipping plays an important role. Merchandisers tell Fastmarkets/The Jacobsen…
04.19.2024
Reduced March RIN production not leading to higher RIN Prices
Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...
04.19.2024
CWG, YG higher on week, UCO, DCO down again
The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.
04.19.2024
Price pressure on ruminant and porcine items for the week
Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.
Wide ranges were witnessed on porcine bloodmeal (BM), with a...