Global used cooking oil (UCO) prices continued to move higher up amid firmer freight rates, with trades reported at $930/mt CIF Amsterdam, Rotterdam, Antwerp (ARA) basis, while European ISCC UCO was indicated at €930/mt EXW Northwestern Europe.
Trading liquidity remained low in the animal fats market keeping price indications almost unchanged, with edible tallow reported in the range of €1,100-1,150/mt EXW North-Western Europe, while category 3 tallow prices were at €770-810/mt EXW for 15% free fatty acids (FFA) and at €900-950/mt EXW for 5% FFA.
“The tightness in freight keeps the market quiet,” a Europe-based broker told the Jacobsen.
Australia’s national weekly cattle slaughter was reported at 88,311 head in the week ending January 12, a 34.6 percent drop from the week prior but a 7.6 percent year-on-year increase.
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