Tallow prices are unchanged for Australian tallow. The domestic market is quiet with May tenders underway and the export market appears well balanced at the moment. Tight supplies are expected to continue in the near term. Cattle slaughter was estimated by the MLA at 104,271 head last week, up from the lows of late March and early April but still well behind the prior three-year average. Slaughter this week is likely to be lower with some downtime tied to the ANZAC holiday on April 25th. Prices out of New Zealand were higher for export. Strong demand from China and a tight Australian market have helped to boost prices despite a strong New Zealand dollar. The NZD is up 3.5 percent versus the US dollar over the last four weeks.
Strong demand from the biodiesel sector and higher biodiesel prices have helped to push fat and used cooking oil (UCO) values higher in the EU. FAME prices have been indicated in a range of $1425 – 1450/MT, UCOME nearing $1600/MT….
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...