Animal Fats – International

Fat prices were sharply lower out of the New Zealand market this week. Trading was off by as much as NZ$70 due to strong production and shipment issues. Sellers’ tanks are full while they await a delayed vessel and in the meantime many have had to sharply cut prices in order to keep product moving. The issue is very similar to the choice white grease (hog fat) market in the US in late November. The demand is present in the market, but the logistical…