05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Declining demand and the ability to switch to soy bean oil has reduced the demand for palm oil. The Malaysia Palm Oil Board reported that total crude palm-oil production in November fell 19% from October to 1.65 million metric tons. In addition palm oil stocks rose 2.6% month over month and are now 28% higher year over year at 1.75 million tons.
Concerns about reduced production…