Meat and bone meal prices into Indonesia traded sharply higher this week, up to a high of $670 CIF. Demand remains very strong and sellers in the Eastern hemisphere are seeing CIF values in a range of $650 – 670. China remains well behind Indonesia in terms of price, delivered values are steady in the $520 – 530 CIF range. Trading into Malaysia, Taiwan and Vietnam was reported at $580 CIF.

Figure 1.

MBM prices CIF Indonesia are shown as a percentage of the nearby SBM market for the 2016 – 2018 average, 2019 and 2020 by month.

The Australian protein market is steady in terms of the AUD, with few changes reported. Prices are higher, however, in terms of US$ trades due to the Australian dollar gaining 3.7 percent on the US dollar through November. Blood meal prices in and out of Australia are higher as well, trading as high…