Russia's Ministry of Agriculture proposes fully banning meat and bone meal imports from sanctioned countries starting December 1. The minister says domestic meat processing has grown and Russia now produces about 370,000 tons of meat and bone meal, roughly 82% of consumption.
A ban on imports from major supplier countries would cut Russian demand for imported meat and bone meal, weighing on export prices. Domestic substitution is only partial, so the impact on the feed protein balance is uncertain.
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.