12 February 2014 17:46 [Source: ICIS news]
LONDON (ICIS)--Firming palm oleic acid costs have resulted in buyers opting for the tallow-based alternative, a European-based fatty acids producer said on Wednesday.
Firming palm feedstock costs have resulted in higher palm oleic acid spot trades, which were last week reported at €1,250-1,300/tonne FD (free delivered) NWE (northwest Europe).
“I have seen a significant increase in tallow oleic acid demand,” the producer said.
Furthermore, with tallow feedstock values remaining at relatively stable levels of late, producers have not increased tallow oleic acid prices.
The above mentioned producer noted around a €50/tonne spread between the palm and tallow oleic acid grades.
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