While the pandemic has not had as large an impact on biodiesel consumption as it has for ethanol, glycerin, a by-product of biodiesel production, has seen demand fall sharply. Both refined and crude glycerin prices have suffered. Some of the contraction in the crude market can be attributed to the cyclical pricing often seen on a yearly basis. Refined pricing fell, while not abnormally low, moved rapidly from trading in the mid-50 cents range down to the low 30’s over a three-month period.
The pandemic reduced refined glycerin demand as restaurants shuttered, causing food demand to decline 10 to 20 percent. Grocery store food demand offset some of this decline, rising roughly six percent, by one account. Another factor helping to alleviate some lost demand has come from the pet food market where glycerin is used in soft pet foods and dog…
10.28.2024
US crude, kosher crude glycerin prices to increase amid uncertainty on biodiesel tax credit: sources
Crude glycerin supply is highly correlated with biodiesel production; it is a co-product of the biodiesel production process, and it remains uncertain how many US biodiesel producers will be...
10.28.2024
US CWG prices dip slightly amid increasing hog slaughter rates
The US animal fats markets experienced a quiet start on Monday October 28, with little change reported aside from a slight dip in choice white grease prices on an...
10.28.2024
US cattle slaughter forecast up w-o-w, down 2% y-o-y
Trading in the US animal proteins market was quiet on Monday October 28, with no price changes reported.
Fastmarkets’ research team forecasts cattle slaughter at 625,000 head for...