Wheat 12.5% FOB Poland Premium €/mt

Australian wheat exports picked up by 19% in July after a drop in June, led by significantly increased shipments into Indonesia and Yemen, while barley and canola flow dropped, according to monthly data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), published on Friday September 6.

The slowdown in animal fats demand was caused by various reasons, including the oversupply of feedstocks, cheap biofuels tickets and negative production margins, sources told Fastmarkets Wednesday.

The drop was influenced by high freight rates and an ongoing European Commission fraud investigation.