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Fishmeal supply remains tight with high prices expected to persist through 2024. Super-premium Peruvian fishmeal is scarce, and Chinese inventories are declining as feed mills stock up before the Lunar New Year.
A structurally tight fishmeal supply and strong Chinese restocking demand point to continued high fishmeal prices for feed buyers.
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.