
Australia and Indonesia signed a bilateral protocol reopening market access for Australian meatmeal (meat and bone meal) to Indonesia after a seven-year suspension imposed in 2018. Six Australian rendering establishments have so far been approved by Indonesian authorities.
The trade was previously worth more than $100 million a year to Australian producers.
Restored Australian MBM access to Indonesia's poultry and aquaculture feed sector adds exportable supply to Asian protein feed markets, which could soften MBM prices there. The timing of how quickly volumes return is unclear.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.