Permeate
Uncertainty about the direction of prices grows
Europe
Some weakness at the lower end of the trading range
Most transactions still took place in the price range of EUR 1000-1200 ex works. However, the lower end of the market experienced weakness and some Eastern EU origins tested the threshold at the bottom end of the trading range. Permeate inventories also appear to be increasing here and there.
Americas
Upward price momentum continues through September
Local Chinese prices for US permeate continued to appreciate through September and reached a price level of USD 990. However, after Chinese pork prices started to come down in early October the market now wonders if that price level is sustainable going forward.
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