MBM values into Indonesia were lower this week, $440 – 445 CIF. The market dynamics remain the same as last, slow return from the holiday, big stockpiles and fewer day old chicks. Trading into China was lower as well, $450 – 460.
Values out of Australia were unchanged this week. Trading out of the NZ market moved NZ$10 lower on lower prices out of the major importing countries. Weaker bean meal prices have dampened bids as well.
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11.12.2024
Glycerin prices seen supported by declining biodiesel margins
Glycerin is a co-product of biodiesel production, and its supply is dependent on biodiesel margins. The more profitable the margin environment for biodiesel, the larger the supply of glycerin....
11.12.2024
Animal fats and oils prices stable amid losses in vegoil markets
"I think the big drop in soybean oil had everyone take a pause,” one source said.
December soybean oil futures closed at 46.23 cents per lb on Tuesday, down by...
11.12.2024
Meat and bonemeal, bloodmeal higher on active demand
Prices were highly mixed on Tuesday November 12, with active demand reported by market sources.
Porcine meat and bonemeal prices were steady to higher according to sources...