Animal Fats – International

Trading out of the New Zealand market was flat with last week with strong support seen from China and traders covering shorts into the Singapore market. Shipping issues that had contributed to weakness in early Jan have been ameliorated. The supply issue, which had been a feast has quickly turned towards famine. Values out of the AUS market are unchanged this week.

EU trading is off sharply for UCO and Cat 1 and Cat 3 fats. A slowdown in…