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CFO's weekly China feed market update shows Peruvian fishmeal cash prices flat at about RMB16,200/ton at Shanghai, with port stocks near 246,000 tons. The report expects the second Peruvian anchovy season to add supply that could lift inventories toward 300,000 tons.
Expected large inventory build from the second Peruvian season points to bearish pressure on fishmeal prices later in the summer.
chinafeedonline.com.hkJun 4, 2024Not 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.
