The Australian tallow market was well supported this week from strong demand from the renewable sector. The start of Neste’s Singapore expansion in addition to demand from the North American market has a lot of demand in the Australian and New Zealand markets. Australian cattle slaughter continues to be very strong with the MLA estimating national slaughter at 116,534 head last week.
EU prices were lower this week on continued weakness from the biodiesel sector. Big imported volume, especially from Asia, has weighed on the European markets and this continues to pressure fat and used cooking oil prices.
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05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...