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The decision to discontinue these prices was proposed in a methodology note published on February 19, which can be viewed here.
No feedback was received after an open consultation, with Fastmarkets deciding to discontinue the following prices amid a lack of market liquidity:
AG-TLW-0028 Category 3 bone fat, high grade, 5% ffa, 98%, max 200 ppm polyethylene, ddp Northwest Europe, €/tonneQuality: Free fatty acids (FFA) max. 5%, moisture, impurities and unsaponifiable matter (MIU) max 2%, purity min 98%, polyethylene max 200 ppmQuantity: Minimum 100 tonnesLocation: Northwest Europe, ddpTiming: Delivery up to 45 days following date of saleUnit: EUR/tonnePublication: Weekly, Thursday, 4pm London time
AG-TLW-0029 Category 3 pure beef tallow, 10% ffa, 99%, ddp Northwest Europe, €/tonneQuality: Free fatty acids (FFA) max. 10%, moisture, impurities and unsaponifiable matter (MIU) max 1%, purity min 99%Quantity: Minimum 100 tonnesLocation: Northwest Europe, ddpTiming: Delivery up to 45 days following date of saleUnit: EUR/tonnePublication: Weekly, Thursday, 4pm London time
These prices are part of the Fastmarkets Agriculture package.
All short-term forecasts associated with this price (or these prices) produced by the Fastmarkets research team, if any, have also been discontinued.
To provide feedback on the discontinuation of AG-TLW-0028 Category 3 bone fat, high grade, 5% ffa, 98%, max 200 ppm polyethylene, ddp Northwest Europe, €/tonne or AG-TLW-0029 Category 3 pure beef tallow, 10% ffa, 99%, ddp Northwest Europe, €/tonne, please contact pricing@fastmarkets.com and biofuels@fastmarkets.com. Please add the subject heading “re: Discontinuation of two category 3 animal fat ddp NWE assessments.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.