Glycerin prices on rise while inventories fall
Crude glycerin prices rose this week, with sources reporting to Fastmarkets on Monday December 30 that slowing biodiesel production...
To kick off 2024, US soybean oil futures sat below $0.49 per lb in Chicago. Over the course of the year, prices lost about 17% in value to end 2024 just shy of $0.40 per lb — or the cheapest edible oil in the world.
As US soybean oil prices crumbled, palm oil prices gradually surged in 2024.
By August, palm oil — normally the cheapest vegetable oil globally that trades at a discount of $30-40 per tonne to soybean oil —...