Animal Fats – International

Fat prices were reported in a wider range out of the Australia and New Zealand markets. The bottom end of both fat markets fell AUS$ and NZ$ 10 – 15, reflective of a stronger currency. The AUS$ has gained 3.4% against the US$ over the last two weeks, while the NZ$ has gained 2.7%. Exporters keeping the US$ value steady, have dropped the prices in terms of their local currency. Sources have reported that the nearby market remains fairly quiet, but…