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China Feed Market weekly update shows Chinese fishmeal port inventories at 203,080 mt with weekly offtake of 25,340 mt and arrivals of 29,300 mt. Indicative prices on 26 October put Peruvian super prime fishmeal at 13,400-13,800 RMB/mt, soybean meal at 5,470 RMB/mt, and canola meal firm as its stocks fell.
Inventories building faster than offtake and firm Peruvian prices point to a balanced-to-firm fishmeal market, while tight Chinese soymeal supply supports protein prices broadly.
chinafeedonline.com.hkOct 27, 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.
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.
