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A CFO China weekly update reports Chinese port fishmeal inventory at 260,770 mt with weekly offtake of 25,980 mt. Peruvian super fishmeal pre-sale prices were quoted at CNF US$1,850/ton and domestic Chinese prices fell further.
High port inventories and slow Chinese demand add downward pressure on fishmeal prices while buyers wait for clarity on Peru's fishing.
chinafeedonline.com.hkApr 25, 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.
