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China's CFO weekly update shows Peruvian fishmeal cash prices at Chinese ports easing by 100 RMB/mt in Week 6, to 12,800 for SD68% and 10,200 for SD65%. Fishmeal stocks at major ports rose to about 231,590 mt, up from 227,920 mt the week before.
Rising port stocks and slightly lower cash prices point to ample near-term fishmeal supply in China, which weighs on fishmeal values for feed buyers.
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.