US spot palm oil, products prices rise on Indonesian B40 mandate

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US spot palm oil, products prices rise on Indonesian B40 mandate

Alexandra Watts | 08.22.2024

US cash palm oil and refined product prices continued to climb in the week to Thursday August 22; gains were fueled in part by news on the same day that Indonesia, the world’s top exporter of palm oil, will move to a mandatory B40 biodiesel mandate starting on January 1, 2025.

In February 2023, Indonesia launched its B35 program for diesel fuel with a 35% mixture of palm oil. The country’s step up to B40, or a 40% requirement, means that more palm...

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International animal proteins, August 22, 2024

International animal proteins, August 22, 2024

Prices in the international animal proteins market were mixed in the week to Thursday August 22, with Australian prices...

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Hempseed imports decline as U.S. production jumps

Hempseed imports decline as U.S. production jumps

U.S. hempseed imports declined from 2022 to 2023 by 12.6%. More precipitous declines from 2023 to 2024 depicted in the...

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Sluggish economic data has ULSD futures, biodiesel prices trending lower

Sluggish economic data has ULSD futures, biodiesel prices trending lower

US ultra-low sulfur diesel (ULSD) futures fell to a 15-month low on Wednesday August 21. Slowing economies in the...

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US BFT packer, CWG prices lower despite limited supply

US BFT packer, CWG prices lower despite limited supply

Fifteen railcars of packer-grade bleachable fancy tallow (BFT) traded lower in the US on Wednesday August 21 at 45.75...

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US animal protein prices flat to down in sluggish market

US animal protein prices flat to down in sluggish market

US animal protein prices were steady to lower on Wednesday August 21, with market participants still reporting price pressure...

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US ethanol production, stocks climb above weekly, yearly levels

US ethanol production, stocks climb above weekly, yearly levels

Weekly average ethanol production in the US was 1.098 million barrels per day in the week to August 16,...

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Steady US shoe sales may get a boost; back-to-school shopping sparks optimism

Steady US shoe sales may get a boost; back-to-school shopping sparks optimism

The US hide market remained relatively quiet on Wednesday August 21, and market sources reported limited activity, with only...

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Cash soybean oil basis still inverted through end of year

Cash soybean oil basis still inverted through end of year

The nearby US soybean oil cash market is still extremely short on supply, and basis indications and prices for...

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