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Fishmeal prices in China have held steady as Peru's anchovy season reached its halfway point. The anchoveta fishery is the world's largest by volume and is mainly used for fishmeal and fish oil.
Stable Chinese fishmeal prices at mid-season suggest balanced supply and demand, so buyers should not expect a sharp move without a change in Peruvian catch rates or Chinese demand.
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.