Prices for MBM into Indonesia and China eased this week, with the topside falling to $520 CIF in both markets. Values into Indonesia were reported $490 – 520 over the last week with values starting to consolidate towards the lower end of the range. Buyers are seeing plenty of offers from sellers and have been able to leverage the lower soybean meal prices into lower MBM values.
Trading out of the Australian market was firm with the exception…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...