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An outlook piece says fishmeal supply and demand are both firm. Peruvian and other supply improved in January 2021 year on year, while Chinese aquafeed demand is expected to rise as its season begins.
Rising Chinese demand against steady Peruvian supply points to upward pressure on fishmeal prices, which matters for protein costs in feed formulations.
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.