International Animal Proteins

Trading into the Indonesian market was done higher, $530 – 550 CIF. Sources continue to report pre-Ramadan demand as the major driver of prices, but that window is rapidly closing. The tight supplies in the Australian market have acted as a catalyst in this bull market, which has seen prices jump $90/MT over the last two months. Trading into China was reported steady on bovine MBM.

As stated, the Australian market is tight on MBM supply with…