Trading out of the Australian market was quiet this week, but price ideas were up by US$20 for export. Trading out of NZ was reported sharply lower. 4% BFT pricing is off by as much as NZ$65 compared to last week. Sources continue to report strong headwinds into the Singapore market and reliance on sales into China, the Asian sub-continent and Africa are yielding lower prices. At NZ$710, 4% BFT has a US$ value of $515/MT. Low prices tend to cure low…
04.29.2024
Strong domestic biodiesel margins support rising crude glycerin inventory
Crude glycerin prices are holding steady to slightly lower in the week to Monday April 29, with improved biodiesel margins helping to keep the supply of glycerin strong.
04.29.2024
Gulf tallow prices higher; optimism builds for higher demand for June
Tallow traded higher into the US Gulf market on Monday April 29, up to 41 cents per lb delivered. Outside of the Gulf market, trading was quiet with sources...
04.29.2024
Animal protein prices steady at start of the week
US animal proteins were steady on Monday April 29. Limited trade was reported, with multiple market participants are expected to attend the Petfood Forum in Kansas City, Missouri, this...