RBD palm oil cash prices in the U.S. Gulf moved lower again this week, in step with continued losses in the wider edible oil futures markets. Since August 1, Gulf palm oil spot values have declined more than seven percent and moved below 45 cents per pound today to 44.75 cents per pound. Increased buying interest from major destination markets surfaced earlier in the summer, which lifted values at that point. But a subsequent drop in demand from two of the world’s largest buyers, China and India, caused prices to quickly erode.
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12.24.2024
Animal fats, oils markets quiet amid Christmas holiday
The US animal fats and oils markets remained steady on Tuesday December 24, amid limited trading due to the Christmas holidays.
Market sources expected activity to remain subdued...
12.24.2024
US November broiler, turkey slaughter down year on year
US animal protein prices were steady on Tuesday December 24, with limited volumes reported to have been traded. With the proximity of the end-of-year holidays, most market participants are...
12.24.2024
US weekly soybean, wheat export inspections rise, corn falls
Weekly export inspections
Export inspections of US grains showed a decline for corn but an increase for soybean and wheat in the week to December 19, according to data...