European organic trading activity seems to be picking up finally after the holidays. Organic corn is offered at €340 FOB Constanta and €420-425 CPT Denmark. Merchandisers tell Fastmarkets/The Jacobsen that organic corn from Ukrain is rumored to be less expensive, but there are few offers. The elevated price of conventional corn in Ukrain has likely drawn organic producers to sell into the conventional market. Organic barley has seen bids ease slightly, slipping to approximately €300 per metric ton.
Organic wheat is hard to find both in the U.S. and Europe. Merchandisers tell Fastmarkets/The Jacobsen that U.S. feed mills are adding organic corn to the rations to replace wheat. This situation has yet to be the case across the pond. Organic soybean meal prices remain elevated in Europe. Prices are trading between €1,220 and €1,270 per metric ton for Chinese organic soybean meal and closer to €1,320-1,350 for Indian organic soybean meal. European merchandisers tell…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...