Physical vegetable oil markets opened the week in slightly mixed but overall sluggish fashion. Prices were flat to slightly changed, with few actual deals again reported. Transportation problems that started last week amid frigid temperatures and several winter storms around the country are expected to linger into part of this week.
Price indications for coconut oil and most other palm oil products have been firm to higher because of higher fright rates due to issues in the Red Sea and with the Panama Canal, as well as recent strength in palm oil futures in Malaysia.
Figure 1.
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12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
12.26.2024
US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
12.26.2024
Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...