01.21.2025
UCO, tallow prices continue to rise
Technical tallow traded higher on Tuesday January 21, up to 52 cents per lb Chicago, which closed the gap with edible tallow.
Bleachable fancy tallow (BFT) was quiet...
US Census Bureau data released on Tuesday January 7 showed a monthly divergence in biodiesel imports and exports. Biodiesel import volume rose from a two-year low last month, climbing by 10%, while export volumes fell for the fourth consecutive month.
The US imported 23 million gallons of biodiesel during November 2024. This was 9% above the 21 million gallons imported in October 2024 but 51% below November 2023 imports of 47 million gallons.
Import volumes have been declining ahead of the lapsing $1 per gallon Blenders Tax Credit (BTC). The BTC had incentivized biodiesel imports to the US, whereas the BTC’s replacement, the 45z credit, does not. The November import volume was 23% below the five-year November import average.
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