International Animal Fats and Oils 08.02.24

International Animal Fats and Oils 08.02.24

In Europe, used cooking oil (UCO) traded at €925/mt CIF Amsterdam, Rotterdam, Antwerp (ARA) for delivery in ISO tanks. Flexi tank delivery indications on a CIF ARA basis were seen at $920-950/mt on the sell side, against buying interest at around $900/mt.

Local ISCC certificate UCO was offered at €985-1,000/mt versus €975/mt DDP North-West Europe. Some trading activity was also reported in the Spanish market during the week, with volumes of UCO sold in the price range of €950-965/mt EXW. 

At origin, markets for UCO remained stable with FOB China levels unchanged at around $800/mt.

May-July rapeseed oil (RSO) selling indications moved lower this week to €840/mt FOB Dutch Mill, with bids heard at €838/mt. Ideas for August-October were just a touch higher at €842/mt versus €836/mt FOB. 

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