Animal Fats – International

Domestic tallow prices are up in Australia this week, boosted by a period of a weaker AUS$ versus the US$, although this week’s exchange rate has been fairly stable around $1.3450. A tightening cattle slaughter is also helping to reduce available supply and exporters continue to push for increases. The exporters continue to face obstacles by way of cheaper palm oil and palm derivatives. Sources have suggested that some of the international renewable fuel…