Animal Fats – International

Export values are off US$30 out of Australia this week. Sources continue to report tightening supply, but cheaper competing products into a number of markets has pushed prices lower. One source suggested that sellers could forget about exports starting with a “5” moving forward as long as palm stearin remains in the lower $400’s. Local prices were off $60 from the last traded levels.

Sources commenting on the NZ export market have reported that…