Animal Proteins – International

The influx of cheaper, US MBM into Indonesia has pushed the market lower by $40/MT this week. Sellers moving material out of New Zealand had previously seen prices as high as $530 CIF due to the ban of Australian material, but plentiful supplies out of the US market have eliminated those premiums. Trading into China was lower as well, $480 – 490 CIF.

MBM in and out of the Australian market is quiet with December tenders…