US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases...
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State Administration of Taxation said in an announcement on Friday November 15.
“Prices going up, a lot of noise, Chinese panic and want to load ships faster,” a Europe-based broker told Fastmarkets.
Market sources estimate a $100-150 per tonne price increase for Chinese UCO, which was last indicated in a range of $910-970 per tonne F...