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CFO's weekly China feed update reports fishmeal inventory at Chinese ports of 223,480 mt, with weekly offtake of 25,740 mt and arrivals of 27,600 mt. It lists mid-November prices for SBM, canola meal, DDGS, fishmeal and MBM, and October feed output down 5.7% month on month.
Rising port fishmeal stocks and stable domestic prices point to limited near-term upside for fishmeal in China. Weak canola meal demand as the season ends pressures that feed's price.
chinafeedonline.com.hkNov 17, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
