Market Activity

Trading into the Indonesian market was reported at $470 – 510 CIF, with the bulk of action concentrated in the $500 – 510 range. Sources continue to report that the market is slow with Ramadan in full swing. Sources in Indonesia have commented that most feed producers are sitting on a pile of high priced inventory and are waiting to buy until the market corrects lower. Trading into China was done in a range of $510 – 520 CIF.

Prices out of the NZ market were…