European fat prices moved lower in the week to Thursday September 12, driven by a continued erosion in demand tied to a negative margin environment for several renewable fuel producers.
Nearby ICE gasoil futures were down by 22% since July 5, which has weighed on renewable fuel prices in the EU market.
The smaller carryover for Dutch renewable fuel tickets (HBEs) into 2025 has also created a selling frenzy, according to sources, which also cut into the renewable fuel producers’ margins.
Low-grade Category 3 bone fat and Cat 3 mixed animal fat both traded sharply lower, with the mixed animal fat market falling to a low of €780 per tonne.
Supply in the EU is picking up, with seasonal slaughter rates increasing a bit earlier than usual this year, which is putting more fat into the market at a time when demand is falling.
…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...