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CFO's weekly update reported Chinese fishmeal port inventories at 204,080 mt with arrivals of new-season fishmeal rising. Peruvian super prime fishmeal fell 100 yuan/ton to 15,700-15,800 yuan/ton, and soybean meal prices in China were expected to keep falling due to heavy bean imports.
Rising port stocks and limited downstream demand point to continued softness in fishmeal and soybean meal prices in China.
chinafeedonline.com.hkJul 11, 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.
