Animal Fats – International

Both the Australian and New Zealand markets were flat this week. Sellers have reported good demand out of Singapore, but buying prices have been flat. Production out of the New Zealand market has been tight with good rains keeping cattle on pasture.

The North American export market remains very quiet with not much action reported over the last several weeks. The tallow arb should be open given the favorable price to palm stearin. EU  UCO…

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