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Roughly 66% of Peru's 1.682 million ton fishmeal quota had been landed in the north-central region by late December, with fish oil yields below average. China's imported fishmeal stocks reached 222 thousand mt, above the five-year average, while Chile's raw material supply rose and Northern European landings slowed for Christmas.
Large Chinese fishmeal stocks offset tight Peruvian supply, which may cap near-term fishmeal price gains even as below-average oil yields keep the broader market tight.
tridge.comTina NguyenDec 29, 2023Not 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.
