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China's fishmeal imports have slumped while fish oil purchases surged, as supply shortages and stockbuilding reshape the marine ingredients trade. The divergence reflects shifting buyer preferences between the two products.
Weaker Chinese fishmeal imports reduce global demand for fishmeal, pressuring its price even as fish oil demand rises. Buyers should expect the two marine products to trade on different fundamentals.
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.