Australian fat prices are lower this week, perhaps starting to close the gap to palm products and cheaper US material. Trading out of NZ was up by NZ$5 from last week’s high. Sellers in both markets are reporting good demand from Singapore for Jan and Feb positions. Buyers in China continue to try and push prices lower, with reports of bids NZ$40 – 50 lower than current values.
Trading in the EU was up on tightening end of year supply and steady…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...