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Rabobank says the fishmeal market is finely balanced, with reduced Chinese demand offset by flooding in parts of China and a higher-than-expected first Peruvian north-central quota. Peruvian producers and Chinese buyers set prices through their supply-demand relationship.
Balanced supply and softer Chinese demand point to limited price direction for fishmeal, keeping feed-protein costs stable in the near term.
intrafish.comJohn EvansJul 18, 2022Not 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.
