Used cooking oil prices moved higher in the US interior today on strong demand and continued improvement in rail logistics. The Eastern market is supported by higher prices into the Gulf as well as higher prices into the UK and EU markets. Prices into Rotterdam were indicated at $1200, which is still well below Gulf values, but increases in energy prices have pushed UCOME values higher over the last two weeks. Buyers have been willing to pay higher prices in the EU and UK and bids in the interior EU market of €1150, or US$1325 have gone untraded. Power curtailments in China, COVID disruptions throughout Asia and continued high freight rates are expected to limit UCO availability out of Asia into the EU, which is supportive of…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...