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CFO's weekly China feed update reports Chinese fishmeal port inventory at 245,370 mt, with weekly offtake of 14,000 mt and arrivals of 18,900 mt. Peruvian super prime fishmeal was quoted at 14,600-15,000 RMB/mt, and Chinese traders were pushing prices higher on the Peru season delay.
Rising Chinese fishmeal prices tied to a delayed Peruvian season tighten marine protein supply for feed mills, which can lift prices of fishmeal and competing protein meals.
chinafeedonline.com.hkMay 11, 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.
