Animal Fats – International

Export and local prices for Australia are up to start the month. Sources are reporting higher prices into the export market as sellers are able to leverage vegetable oil prices into higher tallow prices. A US bean oil board that is up just shy of $90/MT over the last week and palm stearin prices in the neighborhood US$600/MT FOB Malaysia have both contributed to values jumping. Local prices are up more significantly, both because of a weaker AUS$…