Renewable Diesel Demand and Supply Concerns Drive Price Increases

Renewable Diesel Demand and Supply Concerns Drive Price Increases

Trading was quiet this week out of the Australian and New Zealand markets. A number of market participants are out for the holiday and not due to return until next week. Tight supplies are expected to continue for the short term with a number of abattoirs slowed for the mid-summer break.

Used cooking oil prices traded higher into and within the European markets this week. Strong demand for Q1 from renewable fuel producers is driving the increase along with higher vegetable oil and energy prices.

North American export values are higher on renewed demand to start the new year. Domestic US prices are higher as well, both due to renewed demand but also from concerns over supply availability. COVID cases continue to spread rapidly in the US with record high positivity rates reported this week. The already tight labor market is tighter due to absenteeism and meat packing plants are struggling to manage operations with limited staff. It’s reasonable to expect…

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03.28.2024

LCFS credit volumes, average prices move higher

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...

03.28.2024

Diverging FOB and delivered markets to close out March

Diverging FOB and delivered markets to close out March

Please note – The Jacobsen will not publish an Animal Fats bulletin on Friday, March 29th in observance of the Good Friday holiday.

Trading was quiet ahead of...

03.28.2024

March monthly averages mixed for animal proteins

March monthly averages mixed for animal proteins

** Please note: The Jacobsen will not publish a bulletin on Friday, April 29 in observance of Good Friday. **

Light trade was reported for the end of...

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