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IFFO reports that China's slow economic recovery is reducing fishmeal and fish oil consumption. Imports from January to November fell 9.4% year on year, and domestic inventories are higher than a year earlier.
Weaker Chinese aquaculture and piglet feed demand reduces import pull for fishmeal, pressuring prices despite lower global supply.
fiskerforum.comQuentinDec 26, 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.
