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A Technical Advisor to FABRA UK said the UK is at an early stage of considering lifting its feed ban to allow processed animal proteins (PAPs) back into pig and poultry feed. Consultations are under way in Scotland, with England and Wales expected to follow.
Rules are unlikely to change before 2026.
If the UK eventually allows PAPs and MBM back into feed, domestic demand for rendered proteins could rise, but the timeline is too distant to move near-term prices.
efpra.euLeo TowsendDec 9, 2024Not 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.
