Australia, which imports about 90% of its diesel, is looking to tallow as a potential feedstock for renewable fuels amid concerns about fuel security linked to disruptions to global oil supplies. The country is the world’s largest exporter of tallow and animal oils, and exports reached a record $1.5 billion last year amid strong demand, particularly from the United States.
Greater domestic use of tallow for renewable fuel production could compete with exports and other uses, potentially tightening Australian export availability. Increased demand for animal fats as fuel feedstock is supportive for tallow-related values, although the article gives no quantified production or policy change.
After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.