U.S. Tallow Exports Seen Falling by Oil World on Biodiesel Use

U.S. tallow exports are forecast to fall 3.7 percent this year as growing domestic use of the animal grease to make biodiesel squeezes supply, keeping prices high, Oil World said.

Tallow shipments from the U.S. may decline to 680,000 metric tons in 2013 from 706,000 tons last year, the Hamburg-based industry researcher wrote in an e-mailed report. They’ve dropped from a record 1.32 million tons in 1998, Oil World said.