Platts proposes to update Chicago tallow price assessments Dec. 2

Platts, part of S&P Global Commodity Insights, proposes to update the volume, quality, and timing specifications of its daily Chicago tallow assessment (ATALA00) Dec. 2.

Increasing demand from the biofuels industry has resulted in a trend for a higher free fatty acids content for tallow used as a feedstock, Platts is, therefore, proposing to update its Chicago Tallow price assessment.

Platts proposes to change the assessment so that it reflects a manifest rail market, with a minimum volume of five rail cars , delivered at place, 15- 30 days forward from date of publication. The assessment would also reflect a maximum of 4% FFA, and a max 1% moisture, impurities, and unsaponifiable (MIU).

The assessment currently reflects the specifications for all-beef packer tallow as defined by the American Fats and Oils association, volumes of one to five railcars, and shipping one to 30 days forward from the date of publication.

The assessment will continue to be published as an outright price in US cents/lb at 1330 Houston time market close and following the Platts US publishing schedule.

Please submit any feedback, comments, or questions about this proposal to mrts_biofuelsandfeedstocks@spglobal.com, and pricegroup@spglobal.com by Oct. 21.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.