05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
Trading out of the Australian fat market was sideways this week. Interest remains strong from Singapore for tallow, but slow production and lack of on-spec material is leading buyers in that market to lean more heavily on North American and New Zealand production. New Zealand values were higher, NZ$870 – 885 for 4% BFT with prices likely to move north of NZ$900 by December.
EU values were flat with last week. Biodiesel buyers in the EU see to be…