# Welcome to global CFO

> 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.

- Date: 2024-06-04 · published 2024-06-04T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/29858-welcome-to-global-cfo
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Expected large inventory build from the second Peruvian season points to bearish pressure on fishmeal prices later in the summer.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- chinafeedonline.com.hk: https://www.chinafeedonline.com.hk/node/3846

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.