By FWi staff
THE straights market has been fairly static over the past week, with Brazilian soya bean meal and wheatfeed pellets being the main movers.
Brazilian 48% soya bean pellets/meal have risen 5 to 160/t, and wheatfeed pellets by 3 to 73/t.
“Most of the soya has been in store since the early part of the year.
“As these stocks are brought forward, financial costs are incurred, forcing the price up,” says David Clarke of KW Alternative Feeds.
“Another key factor is the weak Sterling [against the US Dollar] affecting prices,” he adds.
“It is a similar situation for wheatfeed.
“At this time of year there isnt much of it about and it is being carried forward from Christmas.”
- 1 = US$1.49 at time of writing