The price for bleachable fancy tallow (BFT) max 3.5% free fatty acids (FFA), CIF São Paulo, inclusive of 12% tax, was unchanged at 6.20-6.30 Reais ($1-1.02) per kg in the week.
Fastmarkets assessed the price for BFT, max 5% FFA, CIF São Paulo, inclusive of 12% tax, at 6.10-6.20 Reais per kg in the week to Thursday.
At the same time, Brazilian tallow prices for exports, max 15% FFA, FOB Santos were stable at $1,010-1,025 per tonne.
Chinese investigation
The Chinese Ministry of Trade on December 27 opened an investigation into imports of beef from countries exporting to China, including Brazil, its main supplier.
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