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...
Malaysian palm oil exports continue to slump
Palm oil exports typically begin to trend to bottom out in February and begin to trend higher in March. So far, at least for Malaysia, palm oil exports are continuing to suffer. At 491,727 metric tons palm oil exports are down 3.4% from the same period in February, according to data supplied by cargo surveyor Intertek Testing Services.
Despite the continued 0% export tax on crude palm oil (CPO)…