Animal Fats – International

Both New Zealand and Australia are seeing lower prices for fat exports. Sources have suggested that higher offers last week may have gone untraded and as a result, sellers are dropping prices in order to work into some smaller markets. Bids out of Singapore and China are reported lower, which as also had a chilling effect on the market.

North American export values are off sharply. There was some trading done at these lower levels for the June…