The big story this week is the decision by the US Department of Commerce to levy duties on Argentine and Indonesian biodiesel imports into the United States. The duties are retroactive to 90 days prior to when the ruling hits the federal registry, which is likely in the near future. Duties on Argentine material, which accounts for 30% of US D4 (biodiesel) RIN (biodiesel mandate currency of compliance) creation, ranges from 50 – 64% and should effectively…
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...