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Peruvian north-central anchovy fishing had reached over 50% of quota by early December, with daily catches averaging about 55,000 tons. Chinese domestic fishmeal prices were described as weak, with super-steam fishmeal quoted at roughly RMB 10,800-11,200 per ton and port stocks rising.
Steady Peruvian landings plus rising Chinese port stocks point to ample fishmeal supply and soft prices heading into the holiday period.
cqnewmiti.comDec 4, 2018cqnewmiti.comDec 6, 2018Not 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.
