During the specified period, the Asian Tallow fat market experienced mixed price trends, with high demands from downstream industries initially leading to a steady rise in prices in the first quarter. However, the second quarter witnessed a reversal as increased production caused an overflow of supplies, causing prices to decline. Similarly, the European market followed a similar pattern, with prices rising steadily until April, then declining due to excess supplies. In North America, prices fluctuated throughout, with surges in demand causing periodic increases in prices, especially in the second quarter.
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Definition
Tallow is a rendered form of animal fat, usually obtained from cattle or sheep. It is a solid, white substance with a high melting point, making it suitable for various applications. Tallow has been used traditionally in making candles and soaps due to its flammable and cleansing properties. It is also utilized in the food industry for cooking and as an ingredient in certain recipes.
Key Details About the Tallow Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Tallow in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Tallow Price trend, including India Tallow price, USA Tallow price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Tallow Price Trend:
Tallow has significant industrial applications across various sectors. In the candle and soap industry, it serves as a primary ingredient due to its flammable and cleansing properties. In the food industry, tallow is utilized in cooking, providing a source of fat for frying and flavor enhancement. Additionally, it finds application in the production of animal feed, pet food, and biodiesel. Tallow’s versatility and widespread availability make it a valuable resource in several industrial processes.
Key Players:
- Cargill Inc
- Wilmar International Ltd
- Bunge Limited
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