Loading…
Fis.com reports Norway's fish destined for reduction totaled 352,792 tonnes through week 19, down 34% year on year, with the average price at NOK 2.51/kg. Chinese fishmeal port prices were about 10,100 RMB/t for FAQ 65% in week 20, up slightly from week 19, and Chinese inventories stood at 227,000 tonnes.
Lower Norwegian raw fish supply tightens the global fishmeal and fish oil balance. Rising Chinese port prices and stable inventories point to firm fishmeal pricing ahead of the Peruvian season ramp-up.
fis-net.comMay 23, 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.
