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Chinese fishmeal cash prices at Shanghai held firm at RMB 10,400-10,900/ton in the week, and port stockpiles were rising toward a projected 300k tons by late Q3. Peru's first anchovy season finished with reported achievement of 96.09% as of July 30.
Rising Chinese port stocks and plentiful Peruvian supply suggest limited near-term fishmeal price support through the rest of Q3.
chinafeedonline.com.hkAug 6, 2019Not 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.
