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In the United States, the highest-cost reporting region, HVO from Tallow prices fell just under 4.8% in Q3 2026, moving from just above USD 2,920/MT in Q2 to roughly USD 2,780/MT in Q3, and it was a retreat in tallow prices from the June record and softer demand during refinery maintenance that most plausibly shaped the move. Across the tracked regions, the global average eased from close to USD 2,658/MT in Q2 to about USD 2,533/MT in Q3, a decline of near 4.7%. For Q4 2026, a global average of just under USD 2,310 to 2,630/MT is expected, with tallow prices, tariffs, and renewable fuel policy guiding the range.
HVO from tallow is a renewable diesel made by hydrotreating rendered beef or mixed animal fat, known as tallow, which gives a fuel with a high cetane number and a low carbon intensity score under many schemes. It is used as a blending component in road diesel for trucks and buses and as a feed for sustainable aviation fuel, with compliance driven road transport taking the largest share of demand. Tallow prices and availability, import tariffs, renewable fuel policy and credit prices, refinery maintenance, and gasoil prices all feed into the price.
The balance of supply and demand for HVO from tallow through the end of 2026 leans soft to stable. US Gulf tallow reached a record of 90.5 cents per pound on 9 June 2026 and fell to 78 cents per pound by 27 July, as imports surged and refinery maintenance cut demand. Tallow supply follows slaughter rates and cannot respond quickly to price.
The main upside risk is a drop in Brazilian tallow shipments after the 37.5 percent US tariff, or strong renewable volume obligations, which would lift prices above the forecast range. The main downside risk is large tallow imports and weak credit prices, which would pull prices below the forecast.
| Region | 2026 Price Range (USD/MT) | Outlook |
| Global Average | 2,310 - 2,630 | Tallow retreat guides the range |
| Australia | 2,120 - 2,420 | Export links keep Australia lowest |
| Netherlands | 2,230 - 2,550 | Hub supply holds a lower middle |
| Germany | 2,340 - 2,670 | Quota buyers hold an upper middle |
| United States | 2,530 - 2,890 | Credits and tariffs hold the top |
The Australia HVO from Tallow market slipped to an average of just under USD 2,330/MT in Q3 2026, a decline of roughly 4.5% from just above USD 2,440/MT in Q2 2026. What dragged on the quarter was softer tallow prices, while weaker demand from quota buyers kept buyers cautious.
Why did the price of HVO from Tallow change in Q3 2026 in Australia?
The quarter turned on Lower import costs, with refinery maintenance and destocking arriving at almost the same moment. Local tallow and export links to Singapore give Australia the lowest price among the regions. Together they left the Australia average at just under USD 2,330/MT.
HVO from Tallow in the Netherlands averaged close to USD 2,450/MT through Q3 2026, easing near 4.7% from about USD 2,570/MT the quarter before. It seems that weaker demand from quota buyers took the heat out of the market, and ample availability of rendered fat kept any recovery at bay.
Why did the price of HVO from Tallow change in Q3 2026 in Netherlands?
Buyers in the Netherlands pulled back on Refinery maintenance and destocking, which might have been the reason that weaker demand from blenders met little resistance. The average for the quarter came to close to USD 2,450/MT.
In Germany, the HVO from Tallow price settled at just under USD 2,570/MT in Q3 2026, a fall of roughly 4.8% from just above USD 2,700/MT in Q2 2026. The quarter was weighed down largely by ample availability of rendered fat, and lower import costs gave sellers little room to push back.
Why did the price of HVO from Tallow change in Q3 2026 in Germany?
Weaker demand from blenders cooled buying across the quarter, and what also played a part was softer tallow prices. When the two forces combined, they pulled the Germany price down to just under USD 2,570/MT.
The United States HVO from Tallow prices averaged close to USD 2,780/MT in Q3 2026, down near 4.8% from about USD 2,920/MT in Q2 2026. It was lower import costs that weighed on the market, with refinery maintenance and destocking adding further pressure.
Why did the price of HVO from Tallow change in Q3 2026 in United States?
The quarter turned on Softer tallow prices, with weaker demand from quota buyers arriving at almost the same moment. Tallow from the Gulf supplies the largest renewable diesel fleet, and credits support prices. Together they left the United States average at close to USD 2,780/MT.
In Australia, the HVO from Tallow price moved to just under USD 2,440/MT in Q2 2026, a rise of roughly 3.4% from just above USD 2,360/MT in Q1 2026. The quarter was shaped largely by tight availability of rendered fat, and higher import tariffs met little resistance.
Why did the price of HVO from Tallow change in Q2 2026 in Australia?
Buyers in Australia responded to Firm demand from blenders, which might have been the reason that firmer tallow prices found a ready audience. The average for the quarter came to just under USD 2,440/MT.
The Netherlands HVO from Tallow prices averaged close to USD 2,570/MT in Q2 2026, up near 3.6% from about USD 2,480/MT in Q1 2026. It was higher import tariffs that did most of the lifting, with restocking by refiners adding support.
Why did the price of HVO from Tallow change in Q2 2026 in Netherlands?
Firmer tallow prices lifted buying across the quarter, and what also helped was strong demand from quota buyers. When the two forces came together, they pushed the Netherlands price to close to USD 2,570/MT.
The Germany market for HVO from Tallow closed Q2 2026 on an average of just under USD 2,700/MT, a gain of roughly 3.8% on just above USD 2,600/MT in Q1 2026. What carried the move was restocking by refiners, while firm demand from blenders kept buying interest alive.
Why did the price of HVO from Tallow change in Q2 2026 in Germany?
The quarter turned on Strong demand from quota buyers, with tight availability of rendered fat arriving at almost the same moment. Quota buyers favour tallow pathways under RED III, and this supports a premium. Together they carried the Germany average to just under USD 2,700/MT.
HVO from Tallow in the United States averaged close to USD 2,920/MT through Q2 2026, rising near 4.3% from about USD 2,800/MT the quarter before. It appears that firm demand from blenders set the tone, and firmer tallow prices helped the gains hold.
Why did the price of HVO from Tallow change in Q2 2026 in United States?
Buyers in the United States responded to Tight availability of rendered fat, which might have been the reason that higher import tariffs found a ready audience. The average for the quarter came to close to USD 2,920/MT.
In the final analysis, the global HVO from Tallow average opened the window at just above USD 2,558/MT in Q2 2025, moved to roughly USD 2,498/MT in Q3 and close to USD 2,458/MT in Q4, then firmed to about USD 2,560/MT in Q1 2026, firmed to near USD 2,658/MT in Q2 and eased to just under USD 2,533/MT in Q3 2026, a net decline of just above 1.0% over the window. Tallow prices, import tariffs, and refinery demand drove the overall price pattern.
| Quarter | Price (USD/MT) | QoQ Change | Direction |
| Q3 2026 | 2,533 | -4.7% | ↓ Falling |
| Q2 2026 | 2,658 | +3.8% | ↑ Rising |
| Q1 2026 | 2,560 | +4.1% | ↑ Rising |
| Q4 2025 | 2,458 | -1.6% | ↓ Falling |
| Q3 2025 | 2,498 | -2.3% | ↓ Falling |
| Q4 2026 | In Progress | - | - In Progress |
HVO from tallow prices climbed into the spring of 2026 on strong policy support and then fell in the third quarter. The global average eased from roughly USD 2,575/MT in Q1 2025 to close to USD 2,458/MT by Q4, a full-year decline of about 4.5%.
Australia prices eased from near USD 2,380/MT in Q1 2025 to just under USD 2,260/MT by Q4, a decline of just above 5.0%. It was a retreat in tallow prices from the record highs of June and softer demand from refiners that shaped the year.
The Netherlands prices eased from near USD 2,500/MT in Q1 2025 to just under USD 2,380/MT by Q4, a decline of just above 4.8%. It was a retreat in tallow prices from the record highs of June and ample tallow stocks that shaped the year.
Germany prices eased from near USD 2,620/MT in Q1 2025 to just under USD 2,500/MT by Q4, a decline of just above 4.6%. It was a retreat in tallow prices from the June record and softer demand from refiners that shaped the year.
The United States prices eased from near USD 2,800/MT in Q1 2025 to just under USD 2,690/MT by Q4, a decline of just above 3.9%. It was a retreat in Gulf tallow prices from the June record of 90.5 cents per pound and refinery maintenance that shaped the year.
Expert Market Research: Your Source for Real-Time HVO from Tallow Price Intelligence
Expert Market Research tracks HVO from Tallow prices continuously across every major producing and consuming region. The team traces causation through tallow economics, import tariffs, and refinery demand. Contact Expert Market Research today for HVO from Tallow pricing data, bespoke market analysis, and strategic procurement advisory.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Compliance driven road transport takes the largest share. HVO from tallow is a blending component in diesel and a feed for sustainable aviation fuel.
The Q3 2026 average was near USD 2,330/MT in Australia, just under USD 2,450/MT in the Netherlands, just above USD 2,570/MT in Germany, and roughly USD 2,780/MT in the United States. The United States carried the highest cost, on credits, tariffs, and quota demand.
The global average eased from close to USD 2,658/MT in Q2 to about USD 2,533/MT in Q3 2026, a decline of near 4.7%. A retreat in tallow prices from the June record and softer refinery demand drove the quarterly decline.
Tallow imports reached a 2026 high in May, refinery maintenance cut nearby demand, and stocks were ample. Producers lowered offers through the quarter.
The global average is expected between just under USD 2,310 and USD 2,630/MT for Q4 2026. Tallow prices, tariffs, and renewable fuel policy are expected to guide the range, with a soft to stable bias.
The United States and Germany hold the premium on credits and quota demand, the Netherlands holds a lower middle level, and Australia prices lowest on local tallow.
The data is refreshed every month, and the Expert Market Research team can provide live pricing on request.
Prices respond mainly to tallow prices and availability, import tariffs, renewable fuel policy, refinery maintenance, and gasoil prices.
The United States, the Netherlands, Singapore, and Australia are leading producers and tallow suppliers.
Buyers can use quarterly trends to time contracts, follow tallow prices and policy as the lead signals, and compare tallow with other waste pathways.
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