Bids, mainly from Korea and Thailand, are significantly lower than the current price levels, which is an indication that there is little urgency to buy at this time. Midweek trading was quiet while sellers wait for Chinese tanners to return from Golden Week. However, the Chinese government ordered several tanneries to remain closed by taking an extended holiday break. Other tanneries have been ordered to limit operations. These orders have been implemented because of the energy shortage in the country. The orders are spreading throughout China and some of the specific regions that have been affected are the provinces of Jiangsu, Fujian and Gansu.
Shoe sales continue at multi-year highs despite the global shipping crisis, COVID-19 government shutdowns and supply shortages. Federal Reserve Economic Data (FRED) reported July as the fifth consecutive month to outperform historic monthly retail shoe sales. At $3.5…
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...