The market situation for animal fats and vegetable oils does not really seem to ease for the fourth quarter. We have seen another price increase, even though it was not as high as in the quarters before. Growing demand of the bio diesel sector as well as the impact of the corona virus pandemic are still major factors in this development. The corona virus impact is clearly visible in lockdown-related production limits as well as increasing shipping costs.
Tallow and palm oil based fatty acids are the main raw materials for our products. Therefore, we are unfortunately forced to raise the sales prices of our products accordingly.