Malaysia’s palm oil exports during March 1-15 totalled 381,790 tonnes compared with 422,425 tonnes the preceding month due to lower purchases from key destination markets, according to figures from cargo surveyor Intertek Testing Services (ITS).The figure excludes shipments of soft oils, coconut oils and used cooking oil (UCO), with the volume down by 10%, or […]

Markets thrive when they are informed and have a measure of certainty that includes benchmarks on which they can rely. Biodiesel producers in the US have been lacking this certainty, and a majority of their production capacity remains idled as a result. A Fastmarkets biodiesel production survey under way in the week ending Friday, March […]

The Canada Border Services Agency (CBSA) announced on Thursday, March 6, that it is opening an investigation to determine if the US is unfairly subsidizing and dumping renewable diesel in Canada; changing US biofuel policy seems to be a contributing factor in this investigation. The Blender’s Tax Credit (BTC), which expired on December 31, provided […]

Basis indications for US interior and Gulf crude-degummed soybean oil were unchanged day on day but firmer week on week during the Monday, February 24 session. The basis on nearby Gulf crude-degummed soybean oil was assessed at a premium of 200-400 basis points per lb to March soybean oil futures on the Chicago Mercantile Exchange, […]

US Census Bureau data released on Wednesday, February 5 shows calendar year 2024 imports were 18% below import totals in the same period of 2023, while calendar year 2024 exports were 31% below comparative 2023 exports. Biodiesel imports experienced quarter-on-quarter declines in each quarter during 2024. Imports were expected to fall as the market began […]

US processors crush a new all-time record high of 218 million bushels of soybeans

Soybean oil futures slightly declined amid market uncertainty driven by confusion over US biofuels policy, executive orders, and legal challenges.

Global used cooking oil (UCO) prices were highly volatile throughout 2024 amid market uncertainty, trade flow and policy changes, with market sources expecting the prices to increase further in 2025, pushed up by higher demand and increased biofuel production obligations.

In December, increased demand from various industries led to a 5-10% rise in EU animal fats prices, supported by high seasonal rendering activity and regulatory factors affecting vegetable oil supply.

Africa's increasing air travel demand and biofuel production potential, alongside the Middle East's strategic SAF investments, position both regions as key players in advancing global aviation decarbonization efforts.