As July came and went, Malaysian palm oil stocks raised 5.3% to their highest level in the past nine months, 2,265,494 metric tons. Falling exports and rising output was behind the increase seen in stocks. Export activity fell from 1,697,277 MT to 1,602,110, a drop of 5.61% as consumption declined post Ramadan. Exports are 11% higher than they were at this time last year.
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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...