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IFFO data reported that China's domestic fishmeal output remains low, as production between May and September relies only on byproducts. Fishmeal imports are rising while port warehouse stocks fall as aquaculture consumes marine ingredients.
China's need to import fishmeal to cover its low domestic output supports global demand and prices for fishmeal.
undercurrentnews.comAug 5, 2021Not 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.
