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Darling Ingredients has agreed to buy FASA Group, Brazil's largest independent rendering company, for R$2.8 billion. FASA runs 14 rendering plants processing over 1.3 million tonnes a year and supplies meat and bone meal, tallow and blood meal to feed, petfood and renewable diesel users.
Consolidation of Brazilian rendering capacity under Darling could tighten supply of meat and bone meal and animal fats and strengthen waste-fat feedstock flows for renewable diesel, which supports tallow and vegetable oil demand.
internationalpetfood.comCaitlin GittinsMay 16, 2022Not enough comparable past events yet for a historical read.
After 81 past neutral trade events, SBO moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
