Trade was slow in Europe in the week to Thursday May 2, with animal fats prices showing no change, while the vegetable oil and used cooking oil (UCO) sectors exhibited volatility.

UCO trading was reported at $1,030 per tonne CIF Amsterdam-Rotterdam-Antwerp (ARA) for delivery in ISO tanks, while offers for flexi tank deliveries were heard below $1,000 per tonne CIF. 

Market sources reported multiple trades in the European domestic market in the range of €1,035-1,060 ($1,105-1,132) per tonne DDP North-West Europe, while EXW Spain levels were heard at €1,020-1,050 per tonne.

Levels for Chinese UCO softened a touch, to around $850 per tonne FOB on average for bulk shipment.

In the vegetable oils market, prices for rapeseed oil (RSO) rallied during the week but then settled in line with last week’s indications, with May offers heard at €1,000 per tonne FOB Dutch mill, against buying interest at €970 per tonne. 

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