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This consultation, which is open until May 30, 2025, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
The prices under scope are:
You can find the current methodology for US tallow prices here https://www.fastmarkets.com/methodology/.
As part of this consultation, following discussion with market participants, Fastmarkets has no material changes to propose to the current methodology.
Please send responses in writing, preferably in electronic format, to the following address: pricing.ags@fastmarkets.com. Please add the subject heading “Methodology US tallow annual review, 2025”. Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.
Fastmarkets will publish the outcome of this methodology review by June 13, 2025, including a summary of the feedback — except those responses marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology/agriculture/.