Palm oil exports soared 53% higher to 1.07 million metric tons, continuing on the rapid pace seen over the first half of the month. May 1 through 20 exports are 368,722 metric tons more than what was shipped during the same April time frame. Demand for crude palm oil (CPO) continues to be the market driver this month. CPO shipments are up 791% month over month, which translates to 331,043 MT more in exports.
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05.09.2024
Michigan among growing list of US states incentivizing SAF
Following the passage of federal tax credits for production of sustainable aviation fuel (SAF), state governments across the US have been implementing tax credits of their own to secure...
05.09.2024
US fat exports hit multi-month high on shipments to Singapore
Four cars of packer bleachable fancy tallow (BFT) and four cars of choice white grease (CWG) traded higher on a Chicago basis on Thursday. Packer BFT was up to...
05.09.2024
Ruminant meat and bonemeal relative to CBOT soybean meal drops
US animal protein prices were steady on Thursday May 9 following multiple reports of limited trade.
Ruminant meat and bonemeal relative to soybean meal
Ruminant meat and bonemeal...