**Bob Lane will be out of the office this week, returning on Monday, December 18, 2023. In his absence, please contact Amanda Luhavalja at [email protected] **
Crude and kosher glycerin prices continued to move higher in the last week. Prices have advanced due to strong demand from the animal feed sector and cold weather. One market participant also attributed the latest gains to the presence of a very large buyer in the market scooping up product for the next quarter or two.
Crude glycerin is the main by-product of biodiesel production. A slowdown in biodiesel production due to poor margins and storage issues have also contributed to the recent uptick in glycerin prices.
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