Animal Fats – International

Australian fat prices were flat for exports, but higher on domestic sales. A stronger US$ has pushed the AUS$ value higher, while keeping export values static. Trading out of the NZ market was unchanged. Given the stronger US$ and a lack of demand shown from both China and Singapore, it’s reasonable to expect prices in both the Australian and New Zealand markets to trend lower in the comings week. The seasonal push ahead of winter will give the renderers…