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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12.10.2024
September renewable diesel shipments to West Coast reach new high
September interregional shipments of biodiesel to the West Coast were down, while flows of renewable diesel (RD) to the region reached a six-month high, monthly data released on November...
12.10.2024
Gulf UCO prices continue to rise, Midwest fats remain ‘soft’
Prices for used cooking oil (UCO) delivered to the US Gulf Coast continued to climb on Tuesday December 10, even as markets softened in other regions.
Sizeable volumes...
12.10.2024
Bloodmeal prices rise with strong demand
Ruminant bloodmeal traded higher late Monday and on Tuesday December 10, up to $1,200 per short ton FOB Missouri River.
The move comes due to increased demand and...