Animal Fats – International

Fat prices out of and in Australia are unchanged. Sources are reporting a striking lack of liquidity with tightening supplies and a well-sold market. Traders have suggested the market is very difficult to trade at the moment because producers are asking for higher prices for small volumes, but buyers are unwilling to pay up due to cheaper palm products throughout Asia. Palm stearin prices are up $40/MT FOB over the last month and sellers may be closer to…