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Euro Peas Join Feed Ingredient Rally
VANCOUVER - Dec 16/05 - SNS -- Feed pea markets finished the week on a strong note in Europe, supported by stronger feed ingredient markets and strength in the Euro versus the U.S. dollar.
Pea markets advanced one to two Euros per metric ton (MT) on dealer markets in Belgium and the Netherlands, while ending the week mainly unchanged at the grower level in the United Kingdom and France.
However, feed market participants do not believe the past week's price performance is a signal of things to come and they are expected to buy on dips and ignore price rallies. This reflects that fact that demand for primary feed ingredient business remains brisk. And it is a question of when not whether, bird flu jumps back into the headlines, sending a chill through markets.
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