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Fishmeal prices in China fell about 8% after the Peruvian anchovy TAC announcement. The decline reflects market reaction to expected higher Peruvian supply.
The sharp drop in Chinese fishmeal prices signals softer global protein-meal costs, which benefits feed formulators buying fishmeal.
undercurrentnews.comLouis HarkellApr 13, 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.
