Market sources reported selling ideas for rapeseed oil (RSO) at €860/mt FOB Dutch Mill versus buying interest at €835/mt for January, while February-April levels were firmer at €865/mt versus €851/mt FOB.
For animal fats, edible tallow was priced in the range of €1,050-1,150/mt EXW North-Western Europe, while category 3 tallow prices were relatively stable and reported at €780/mt EXW for 15% free fatty acids (FFA) and at €890-900/mt EXW for 5% FFA, with demand said to be picking up and priced expected to firm.
“With some European slaughter houses still closed and meat prices softening after the holidays season, renderers are not in a hurry to close forward deals for big volumes of animal fats, waiting for the price to stabilize or increase driven by Chinese demand ahead of the Chinese new year,” a Europe-based trader told the Jacobsen.
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