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Russia's fishmeal exports rose and its share of global fishmeal trade increased, though its product sells at relatively low prices. China has approved fishmeal and fish oil deliveries from new Russian trawlers built under a state-backed program.
Growing low-priced Russian fishmeal supply adds to global availability, which limits upside in fishmeal prices 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.