Chinese meat imports for 2020 stood at 3,85 million tonnes at the end of May, with pork imports at 1,72 million tonnes. This represents an increase of 73% in total meat imports and 146% in pork, compared to the same period last year.
(average cost and freight to Durban)
CHINA, SOUTH EAST AND CENTRAL ASIA
Europe, Russia, and Central Asia
Middle East and Africa
Lysine prices are lacking momentum and continued to drift lower despite rising input costs. Flat demand and overcapacity have kept a lid on prices, despite efforts by producers and traders to push for higher margins. Expect this trend to continue in the near future.
The Chinese and European markets seem to be quiet, and as can be expected there is very little support. Prices have been dropping throughout June and will probably continue to do so throughout the third quarter of 2020.
Threonine prices have been surprisingly weak over the last weeks. Prices have stabilised and even showed signs of receding in the face of an oversupplied market, despite increasing production costs. Expect prices to stay weak in the foreseeable future.
Valine is continuing to weaken and seems to have picked up pace over the past three weeks. Very slow demand in the Chinese market has caused Chinese producers to squabble over market share. However, it’s doubtful any producer wants to see 2019 prices again.
Abundant supply and sluggish demand mean the bears are firmly in control of the tryptophan market. The fairly sharp decline could continue, and we may see similar levels to 2019 quite soon, depending on the rand–dollar exchange rate, of course.
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