Trading was very quiet this afternoon with no changes reported.
The FAS released export data today, showing a drop in inedible tallow exports from April. May’s 27.3 KT was off 4.7 KT from April and 1.7 KT from May of 2017. Mexico was the largest importer in May with Singapore’s intake slowing to 5 KT, putting that market at 58.4 KT through May. Mexico is the second largest importer at 51.5 KT followed by Canada at 10.4 KT.
Figure 1.
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