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Cookstove project developers were facing an increasingly problematic trade-off between price and credit volumes while they targeted either the Core Carbon Principles of the Integrity Council for the Voluntary Carbon Market (ICVCM) or Phase 1 of the International Civil Aviation Organization’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
US animal fats and oils markets remained quiet midweek on Wednesday May 27, with participants describing a slow start and limited immediate pricing activity.
Price spreads across European biofuel feedstocks and biodiesel markets widened sharply during the week to Thursday May 28, driven primarily by a steep decline in gasoil values and higher vegetable oil prices.
US wheat futures and Euronext contracts closed lower on Friday May 29, pressured by technical selling and weakness in crude oil markets. In global cash markets, activity was subdued heading into the weekend, with limited fresh business reported and most prices remaining unchanged.
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