The average FOB biodiesel price increased for a fourth consecutive week, slightly outpacing rising soybean oil cost. This allowed further improvement in production margins, almost to the point where the combination of fixed and variable costs is being met.
Producers have been reporting an uptick in biodiesel pricing, but they have also been reporting a decline in 80 percent crude glycerin values. Crude glycerin remains volatile with spot prices ranging from 20 to 28 cents. Some product, just below the 80 percent grade, has been reported trading less than 20 cents per pound. Most trades The Jacobsen has been receiving information on, have been in the lower 20 cents per pound area.
This tends to coincide with reduced export demand from China. Backing out freight cost, the Chinese market appears willing to pay about 22 cents per pound…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...