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Blog

International animal fats and oils, August 29, 2024

Alexandra Watts | 08.29.2024

Category 3 fats traded at prices around €10-30 ($11-33) per tonne lower than the week before, depending on quality, quantity and location. Deals were reported in a wide range between €880 ($980) per tonne and €940 ($1,047) per tonne DDP North-West Europe (NWE) for max 5% free fatty acids (FFA) cargoes.

Higher quality edible fats remained stable in price amid lower availability, with sources reporting edible tallow around €970-980 per tonne, DDP NWE basis, and poultry fat with max 2% FFA at €1,010-1,020...

US corn, soybean export sales hit new marketing-year low

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US corn sales for 2023/24 were reported at a marketing-year low of 15,300 tonnes in the week to...

Flat hide trading on August 29 ahead of ACLE

Buyers were more willing to pay flat-to-current market prices on Thursday August 29, but the volumes were lower than...

European hide operators uncertain on market direction after return from summer closures

Brazil
The price of Brazilian wet blue TR1 hides was $0.60-0.62 per square foot during the week to Thursday...

Palm oil prices FOB Malaysian ports continue higher

Malaysian palm oil prices have been choppy this week, trading between $935 per tonne and $947.50 per tonne FOB...

International animal proteins, August 29, 2024

Prices in the international animal proteins market were mostly flat in the week to Thursday August 29. The only...

THCA continues to drive hemp flower segment

Hemp flower markets have evolved considerably since hemp was federally legalized in the U.S. In 2019, Type 3 cannabis...

ULSD price hits lowest level since December 2021, helping raise BOHO spread to 1-month high

Ultra-low-sulfur diesel (ULSD) futures on the Chicago Mercantile Exchange (CME) closed at the lowest level since December 2021 and...

DCO production declines week on week; fats largely stable on day

The US animal fats and oils markets remained largely stable on Wednesday August 28, as the usual end-of-month lull...

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