Animal Fats – International

Trading out of the Australian market was quiet this week, but price ideas were up by US$20 for export. Trading out of NZ was reported sharply lower. 4% BFT pricing is off by as much as NZ$65 compared to last week. Sources continue to report strong headwinds into the Singapore market and reliance on sales into China, the Asian sub-continent and Africa are yielding lower prices. At NZ$710, 4% BFT has a US$ value of $515/MT. Low prices tend to cure low…