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CFO's weekly China feed market update shows Peruvian fishmeal cash prices slipping to RMB11,600-11,800/ton at Shanghai, down about 100 yuan. Port stockpiles rose to about 170,000 tons, and October off-take is seasonally weak.
Rising port inventories and slower off-take pressure Chinese fishmeal cash prices lower through late October.
chinafeedonline.com.hkOct 30, 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.
