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Undercurrent reports that Peru's fishery exports depend heavily on China, which takes mostly metals and fishmeal. Fishmeal sales have dropped.
Weaker Peruvian fishmeal sales suggest softer export demand for the product, a mild bearish factor for fishmeal prices.
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.