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Russia has unofficially halted feed and pet food imports from the US after alleged undeclared GMO components were found, with the restrictions effective from March 2. Russia is also considering additional duties on meat meal and bone meal imports.
Losing a major Russian buyer for US feed additives and possible duties on meat and bone meal could shift export flows and pressure US feed ingredient prices. The effect depends on whether restrictions broaden.
petfoodindustry.comVladislav VorotnikovMar 19, 2021Not 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.
