Animal Fats – International

Prices out of NZ are down this week on lower demand out of China and a softening palm oil market. Sources have reported while trading this week is down, offers for May and June are up due to the strong US$. The offers aren’t an increase in value, rather exporters looking to keep the price in terms of US$ even.

Figure 1.

The New Zealand dollar is shown against the US dollar for 2015 week to week.