International Animal Fats and Oils 15.02.24

International Animal Fats and Oils 15.02.24

Used cooking oil (UCO) prices were relatively stable this week, with CIF Amsterdam, Rotterdam, Antwerp (ARA) levels reported at $915-930/mt on the selling side, against buying interest at around $900/mt Offers at the origin were heard in a range of $800-850/mt FOB China, depending on quality and volume.

Trade sources reported tight spot delivery supply for local European UCO, while buyers were targeting around €940/mt DDP North-West Europe. More volumes were offered for March-April delivery in the range of €970-1,000/mt DDP.

In vegetable oils market, market sources reported a rapeseed oil (RSO) trade at €860/mt FOB Dutch Mill for May-July and August-October delivery window. Further selling ideas for March-April RSO volumes were heard at €875/mt versus buying interest at €850/mt FOB.
 

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