Animal Fats – International

Tallow prices in the Australian export market increased, despite anticipation of a pre-holiday lull and a stronger US$ The top end of the export market was up US$5 compared to last week, which is the equivalent of AUS$20 considering a 3.3% swing in favor of the greenback since last week. Sources in both AUS and NZ commented that demand from Singapore is very strong for the Jan/Feb position, which may belie interior US assumptions that a lack of a…