Prices for used cooking oil (UCO) in Europe were broadly stable in the week ended Thursday August 15, with trading reported in line with the previous week’s levels.
Imported cargoes were heard trading at $990-1,010 per tonne CIF Rotterdam, while European UCO was reported traded for spot in the range of €990-1,020 ($1,086-1,119) per tonne depending on volumes and delivery window.
Sources reported high demand and trading for Category 3 animal fats with max 1-2% free fatty acids (FFA), with deals reported at €1,020 per tonne DDP North-West Europe (NWE), while some market representatives quoted edible beef tallow as high as €1,060 per tonne DDP NWE.
Prices are expected to continue rising for edible-grade fats, with steady demand coming from the pet food sector and biofuels producers.
High-quality fats are used to mix with lower grades in summer months due to FFA rising in hot weather.
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