Used cooking oil no longer allowed to be imported into USA and receive credits so Tallow in the box seat. I would expect to see tallow prices at 1800-1900 again. Tallow always has been about the biofuel mandate in the USA and gets carbon credits, not much to do with Soy Oil to be honest as Tallow is the prefered feedstock over any other veg oil. Protein meal is going to roll along I'd expect. Aqua is a hard one - very seasonal and Narangba is away from the action. Agree with push to petfood as it has always has been the golden goose. If RIC can keep their inputs under control, I would be expecting stronger results for next FY.
RIC Price at posting:
$2.48 Sentiment: Sell Disclosure: Not Held
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