The US animal fats and oils markets opened the week on a quiet note on Monday February 24, with limited trading observed throughout the day.

Meanwhile, the European used cooking oil (UCO) market also remained slow, with buying interest declining by approximately €10 per tonne over the weekend, bringing prices to €1,180 ($1,237) per tonne on a DDP North-West Europe basis. No fresh trades were reported on Monday.

In industry developments, UK-based UCO collector and exporter Olleco announced the opening of a new feedstock refining plant in Liverpool, designed to process UCO for biofuel production.

The company shared the news via LinkedIn on February 24, stating that the facility took 18 months to build, though capacity details were not available at the time of publication.

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