Animal Fats – International

Tallow prices out of Australia ranged higher this week, but sources continue to lament the low prices relative to North America. Trading out of NZ ranged lower. Sources in both markets continue to report that a lack of demand from renewable fuels, low palm prices and the need to intice buyers back into the ANZ tallow market is keeping prices at global lows. The main destinations continue to be Pakistan, Africa and China. There were additional reports of…