Asian palm oil prices rallied on Wednesday June 26 for the first time in three days. Rising US oil inventories could potentially affect the broader energy sector, but the sell-off may have run its course, a source told Fastmarkets.
A second source believed the downside for crude palm oil futures would be limited in coming weeks due to the onset of the dry season. Reduced production is expected to buoy prices in the near term.
Three cargo surveyors in the export market each reported month-on-month shipment declines of 16.12%, 16.94% and 4.31%.
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07.03.2024
Slower rail, barge shipments of RD, biodiesel to US West Coast
The US Energy Information Administration’s (EIA) Petroleum Supply Monthly report for April, released on Friday June 28, showed that rail and barge shipments of renewable diesel (RD) and biodiesel...
07.03.2024
DCO prices move higher on support from soybean oil markets
Please note: Fastmarkets will not publish an animal fats bulletin on Thursday July 4 due to the Independence Day holiday in the US. We will resume our domestic market...
07.03.2024
Animal protein values wide ranging; Q2 HPAI headcounts above 2022/23
Please note: Fastmarkets will not publish a bulletin on Thursday July 4 in observance of the Independence Day holiday in the US.
Limited animal protein volumes were reported...