SWP
Strong price appreciation in the EU leaves the export stage to the US
Europe
Feed SWP prices came down from their peak but the market remains tight
After peaking at a level of EUR 1600 delivered the Netherlands, prices of feed SWP fell back to around EUR 1500 when demand slowed down in early April. The market continues to feel firm as there are several supply-limiting factors a play. Food SWP is traded in a wide range in an overall tight market. The largest volume is traded in the EUR 1550-1750 range but for specific A-brands product is occasionally changing hands at EUR 2000 or even higher.
Americas
Strong exports are fueling SWP prices
With competition falling away due to the recent price appreciation US SWP is winning most of the business in Asia. Prices had weakened until mid-March towards levels below USD 0.60/lb, but since then recovered to about USD 0.70/lb (1545/t) ex works. Occasionally premium brands are even traded at USD 0.80 although lower tier product is also sold below USD 0.70. Local demand is not particularly strong as buyers are resisting these price levels but international buyers do pay these prices due to lack of alternatives.
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