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China's fishmeal imports reached a record 1.96 million metric tons, according to Undercurrent News. The rebound in Peruvian supply is cited as a key factor behind the import surge.
Record Chinese buying shows strong import demand, but the Peruvian supply recovery that enabled it also means abundant global fishmeal availability, leaving the net price effect mixed.
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.