Organic soybean meal prices remain volatile. Organic soybeans are even more challenging to find. The quotes The Jacobsen has received from India on organic soybean meal range from $870 FOB to $930 FOB. The prices are climbing in line with conventional, which has hit an all-time high. Conventional soybean prices on the NCDEX closed at $777 per metric ton, according to The Jacobsen. The news about the certification companies in India remains incomplete. What seems to be clear to The Jacobsen is that the supply chain that was in place in India ahead of the crackdown is broken. It’s unclear if a new supply chain will be created or if the United States will need to find organic proteins from another source.
In recent weeks there appears that there was a surge in prices due to short-covering for Q2. While there is still some spot trading ahead of Q2 2021, merchandisers tell The Jacobsen that most of the consumers…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...