Brazil: Beef tallow market in 2020 was driven by soybean prices and pandemic, high was 155.7% compared to Jan / 20

Demand for beef tallow increased this year in 2020 due to the greater need to use hygiene products with the Covid-19 pandemic and biodiesel, which resulted in continuous price gains until October, where the product hit the home of R $ 6.01 / kg, an increase of 155.7% compared to January / 20. According to Scot Consultoria's Market Analyst, Thayná Drugowick, hygiene is one of the ways to fight the virus and products such as soap and soaps have registered an increase in demand. "This scenario associated with the lean supply of animals due to the fall in the number of slaughter and competition for the product with the biodiesel sector raised the prices of tallow," he pointed out. Beef tallow prices have appreciated since September 2019, driven mainly by the biodiesel sector. In January of that year, beef tallow in Central Brazil was quoted at R $ 2.35 / kg, tax free, as disclosed in Scot Consultoria's survey. Given the appreciation of soybean prices, one of the main raw materials for ...