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.
Prices in the international animal proteins market were mixed in the week to Thursday October 17.
Fastmarkets assessed the price of meat and bonemeal, 50 pro, delivered Australia at A$550-640 ($369-429) per tonne on Thursday, widening upward from A$550-610 per tonne on October 10. Steady-to-active demand in domestic and export markets paired with steady production levels for the month of October has increased some prices, market sources told Fastmarkets.
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