Final decision on open consultation on methodology for animal fats: pricing notice
Fastmarkets invited feedback from the industry on the pricing methodology for Chicago BFT packer, Chicago BFT renderer, Gulf UCO, Gulf tallow max 20%, UCO del Northeast and Manly, IA DCO via an open consultation process between May 22, 2024, and June 21, 2024. This consultation was done as part of our published annual methodology review process. No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.
This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
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