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Australian tallow prices stabilised in August after months of decline, with 1pc FFA tallow averaging $680/t, up $35 on July but still $225/t below a year earlier. Prices for 4pc FFA tallow fell 25pc year on year and were 37pc below their February peak.
Lower palm oil prices and weak US biofuel demand have pressured tallow, a feed fat input; stabilising trade from China, Pakistan and Nigeria may limit further declines.
theland.com.auSep 20, 2017Not enough comparable past events yet for a historical read.
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.
