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After Vietnam closed its borders to European protein meal, the EU market for mixed protein meal reportedly collapsed overnight. Prices fell nearly 70% within three to four days, and Biosirk expects to produce around 40,000 tonnes this year, with about 15% traditionally shipped to Asia.
Two-thirds of EU and EEA protein meal output normally goes to the Asian market.
A sudden loss of a major Asian export outlet for European meat and bone meal forces the product into a glut and sharply lowers its price. Feed buyers may see cheaper European rendered protein, but the same surplus may also weigh on global MBM prices.
kjottbransjen.noav Per A. SleipnesDec 8, 2023Not 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.
