Animal Fats – International

Australian fat prices are unchanged as supply remains tight. Sources report that the market is well sold with much of the local and export market booked. Biodiesel demand is keeping values afloat as various mandates add a premium to the tallow market. Many have remarked that new sales into the Asian sub-continent are virtually impossible now with palm stearin trading at $440/MT FOB Malaysia.

Trading out of New Zealand is lower as last week’s…