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Peru's second fishing season in the North-Centre concluded with around 75% of the 1.68 million MT quota landed by January 13. China reported imported fishmeal off-takes of about 21,000 MT in week 4, with stocks of 196,000 MT above the five-year average.
Chile's raw material availability fell about 13% week on week, and northern European landings declined.
Chinese fishmeal stocks above average temper the impact of Peru's shortfall, so the net price effect on fishmeal is limited.
tridge.comTina NguyenJan 26, 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.
