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Feed methionine prices in Indonesia have reached USD 3.0/kg, up from USD 2.3 in January, a rise of about 30%. A supplier attributes this to difficult global shipping and logistics, which has pushed feedmillers to build methionine inventories.
Tight logistics and inventory buying by feedmills reduce available supply and lift methionine costs for Indonesian feed producers, which keeps the price firm.
asian-agribiz.comArief FachrudinMar 2, 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.
