11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
Brazil
Brazilian hide demand was weak during the week to Thursday October 24, according to market participants.
The price of Brazilian wet blue TR1 hides traded at $0.58-0.60 per square foot during the week to Thursday, a seller told Fastmarkets.
South American hide prices
Europe
Sellers in the European hide market attempted to increase prices during October 8-22 but failed to find traction, according to sources. General market activity was low, and the number of closed trades was below seasonal average. Hides were sold at flat-to-last-traded prices in most cases.
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