Animal Proteins – International

MBM prices were lower into Indonesia and China this week. Trading into China was reported in a range of $525 – 535 CIF. Trading into Indonesia was done $490 – 505 CIF. Sellers are offering as high as $520 into Indonesia, but buyers aren’t willing to put any significant volume on at that price. The trading window for Ramadan is quickly coming to a head and the market will slow down in the coming weeks as May shipment/June arrival deals wrap…