International Animal Fats and Oils 28.03.24

International Animal Fats and Oils 28.03.24

Firm palm oil prices pushed used cooking oil (UCO) levels up, with selling ideas for Chinese and Malaysian UCO gaining $20-30 per tonne on average from last week to $870-890 per tonne for flexis, making Asian UCO unattractive for European buyers, given freight rates remaining firm at above $100-120 per tonne.

Trading into Europe was reported at around $960 per tonne for optional origin UCO delivered in ISO tanks to Amsterdam, Rotterdam, Antwerp, Ghent (ARAG), while European UCO was heard traded at €985 per tonne DDP ARAG, with further offers seen at up to €1,050-1,060 per tonne depending on quality and volumes availability.

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