Since the start of May, U.S. Gulf physical palm oil prices have fallen 8.5 percent in value. Prices are down about 50 percent from the record highs hit in early March 2022. The decline in the cash market over the last three weeks ocurred alongside another volatile period for palm oil futures on the Bursa Malaysia Exchange. The benchmark palm oil contract rolled back from a level just shy of 3,900 ringgit per tonne in early April to 3,600 ringgit per tonne by the end of that month. Since then, the contract has been rangebound between close to 3,400 ringgit per tonne and 3,700 ringgit per tonne, settling today at the lower end of that range.
Figure 1.
…
10.18.2024
RIN prices fall week on week despite lower reported US biodiesel output
Prices for renewable identification numbers (RINs) fell week on week on Friday October 18 despite lower production reported for September, and US biofuels markets remain in limbo over awaited...
10.18.2024
US DCO prices decrease amid quiet trade week
US animal fats and oils markets ended the week stable to slightly lower on Friday October 18, following a quiet week of trading as many participants attended the American...
10.18.2024
Lackluster trade volume keeps weekly US animal proteins prices mostly steady
US animal proteins prices were steady to slightly lower for the week to Friday October 18 on limited trade volume.
Several market participants told Fastmarkets it was a...