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China announced a 25% additional tariff on US fishmeal imports, covering 333 US goods worth about $16 billion, effective after the US imposes tariffs on Chinese goods on August 23. An industry analyst said US producers, including Omega Protein, will struggle to find alternative markets.
Losing a major Chinese outlet for US fishmeal pushes supply toward other markets and pressures US fishmeal prices lower, while Chinese buyers shift to alternative origins.
savingseafood.orgJohn CookeAug 16, 2018Not enough comparable past events yet for a historical read.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
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.
