Tag: prices

Palm oil prices slip as drop in exports surpasses shrinking stocks

Palm oil prices slip as drop in exports surpasses shrinking stocks

October 13, 2021 |

In Malaysia, Reuters reports that even though palm oil stocks have been tightening in recent months, exports during the first 10 days of October fell by 7.5%, below expected levels, which in turn weighed on prices this week. The front month October delivery contract fell to $1,173.18 per metric ton, down nearly 1.3% at midday […]

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Indonesia to cut palm oil export levy to $175/mt if price goes over $1,000/mt

Indonesia to cut palm oil export levy to $175/mt if price goes over $1,000/mt

June 22, 2021 |

In Indonesia, Platts reports that in line with market expectations, the government has decided to cut the export levy on palm oil to $175 per metric ton from the current $255/mt if the price of palm oil goes over $1,000/ton. A date has not yet been set for the new policy, but expectations are that […]

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Brazilian hydrous ethanol prices continue to soar despite a strong crush

Brazilian hydrous ethanol prices continue to soar despite a strong crush

May 6, 2021 |

In Brazil, Platts reports that although the sugarcane crush is well under way, ethanol prices are being driven higher by the continued premium for sugar production. But hydrous ethanol remains competitive over gasoline at the pump, keeping demand steady amidst a tightening supply scenario that has the market concerned whether ethanol production can keep up. […]

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Brazil cuts biodiesel blending to 10% temporarily due to soaring prices

Brazil cuts biodiesel blending to 10% temporarily due to soaring prices

April 12, 2021 |

In Brazil, Platts reports that following the cancelation of last week’s biodiesel auction as prices soared, the Mines and Energy Ministry has cut the B13 mandate to just B10 for May and June. The rising biodiesel prices came on the back of tight feedstock supplies. The increase to 13% biodiesel blending only came into effect […]

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Brazilian hydrous ethanol prices rise to record high

Brazilian hydrous ethanol prices rise to record high

January 20, 2021 |

In Brazil, Platts reports hydrous ethanol prices rose to a record high of $490.23 per cubic liter this week, an increase of 4% on the week, on the back of higher ICMS taxes in Sao Paulo state and Petrobras’ decision to raise gasoline prices. Gasoline prices increased nearly 8% on Jan. 19 while the ICMS […]

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Indonesian palm oil industry wants government to rethink new levies if prices keep rising

Indonesian palm oil industry wants government to rethink new levies if prices keep rising

January 7, 2021 |

In Indonesia, Reuters reports the palm oil association plans to ask the government to review its new export levy policy if prices continue along their meteoric rise. With palm oil prices trading around $950.81 per metric ton, near 10-year highs, the feedstock makes biodiesel blending increase unviable in both Indonesia and Malaysia where governments planned […]

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Argentina to implement gradual increase in biofuel prices in five stages through May

Argentina to implement gradual increase in biofuel prices in five stages through May

January 4, 2021 |

In Argentina, Telam reports the Ministry of Energy decided to implement a gradual and progressive policy for aligning biofuel prices with the costs that the industry faces due to the delay in the value regulated by the state, which will be applied gradually over five stages until next May. In the case of biodiesel, Resolution […]

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Brazilian ethanol stocks on the rise but prices not under pressure

Brazilian ethanol stocks on the rise but prices not under pressure

November 30, 2020 |

In Brazil, Platts reports that Ministry of Agriculture and Livestock, or MAPA, data shows ethanol stocks rose in mid-November by 4.2% on the year to 11.84 billion liters with nearly 97% of those volumes located in the center-south region. Of that, about two-thirds of the ethanol is E100. But even though the pandemic has kept […]

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Average ethanol price climbs in 13 Brazilian states, falls in 11 others

Average ethanol price climbs in 13 Brazilian states, falls in 11 others

November 17, 2020 |

In Brazil, The Rio Times reports that the average prices of hydrous ethanol increased in 13 states and the Federal District in the week ended on Saturday, November 14th, compared to the preceding period, with the price of biofuel falling in 11 states. This is according to a survey by the National Agency of Petroleum, […]

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Plant-based meat needs animal-based prices

Plant-based meat needs animal-based prices

August 24, 2020 |

Despite widespread appeal among consumers, plant-based meat still faces a significant challenge to taking a meaningful chunk of the American meat market: price. According to an in-depth feature by explanatory journalism site Vox.com, “meatless meat” makes up less than 1% of US meat consumption. It also costs significantly more; the outlet notes that a pound […]

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