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.
Malaysian palm oil exports of 951,339 metric tons are 11.6% more than what was seen over the first 20 days of September and 19% more than the 800,854 MT shipped over the same period in October 2016. Stronger export activity has helped to offset production increases so far this month. October palm exports are on pace to hit 1.47 MT. In 2016, Oct Shipments totaled 1.43 MT, which was less than the 1.51 to 1.68…