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IFFO expects China's fishmeal demand to weaken during the third-quarter seasonal peak. High inventories and low farm-gate prices for several farmed species are curbing restocking.
Weaker Chinese demand could ease fishmeal prices if Peruvian supply stays tight. The effect is limited because the outlook is only an expectation.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.