09.20.2024
BOHO spread reaches two-month high
The BOHO spread rose sharply on Friday September 20 to its highest since late July, as October soybean oil futures on the Chicago Mercantile Exchange traded higher and ultra-low-sulfur...
Used Cooking Oil (UCO) delivered to Amsterdam, Rotterdam, Antwerp (ARA) traded at $820-850/mt CIF during the week, with some market sources reporting buying interest at $850/mt CIF ARA Thursday, while UCO buyers based in Spain showed interest at $800/mt CIF.
Category 3 tallow prices were broadly stable at €870-900/mt EXW North-Western Europe.
“Prices are stable, there is enough demand coming from animal feed compound and oleo chemical industries,” a Europe-based broker told the Jacobsen.
On the other side, tallow prices slid lower in New Zealand amid negative pressure from the global market with edible tallow 1% FFA reported at NZD1,530/mt on the FCA basis, while bleachable fancy tallow (BFT) 4% FFA was priced in a wider range of NZD1,350-1,590/mt FCA.
Stronger supply and production in the Australian market as well as less-than-anticipated demand from Singapore and North America has weighed on the Australian market.
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