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CFO's weekly update shows Chinese port fishmeal inventory at 215,480 mt with weekly offtake of 31,570 mt against arrivals of 44,300 mt. Superprime fishmeal was down about RMB200/mt, and soybean meal inventories remain high on limited end-user demand.
Rising port stocks and weak offtake signal continued downward pressure on Chinese fishmeal and soymeal prices, reducing import values for feed buyers.
chinafeedonline.com.hkAug 1, 2024Not enough comparable past events yet for a historical read.
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.
