Animal fats and oils stable to lower despite rising SBO prices
The US animal fats and oils markets closed mostly lower on Wednesday November 6, diverging from the upward trends...
Biodiesel trading has been subdued over the past week, with producers mostly filling contracts. Production economics have soured, and a lack of guidance on the Clean Fuel Production Tax Credit (CFPC) has forced biodiesel producers to forgo feedstock purchases until there is more certainty in the market, Fastmarkets has heard.
“We are not entering into 2025 contracts at this time,” a producer said. “The economics are impossible, and capital isn’t free. Interest rates are higher than net income margins for some, and many...