Tuesday, March 27, 2012
Big week for all Protein in the world as End users in major buying countries ( Indonesia, Thailand and Taiwan) all showed increased demand. Soymeal has been strong on CBOT ( USD375st ) and couple this with a fall in kills in Australia / NZ and sluggish ones in the USA. The market has jumped USD30-40mt on MBM from 2 weeks ago in CNF terms. Feathermeal has seen values rise over USD50mt in the same period. Bottom line is prices wont be falling for some time and the rises will only be stilted by steadying as buyers take a breather on orders.