Animal Fats – International

Despite a bearish MPOB report showing a 17% jump in output from Feb to March and subsequent drops in the palm markets over the last week, animal fat prices have held firm in the ANZ markets. Tight supplies and good demand from the renewable fuel sector have supported prices. Support is also seen from some long positions put on during palm’s ascension. Sales of 4% BFT were reported steady at US$680 FOB. NZ 4% sales were steady as well, NZ$950  – 960.

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