# Fishmeal prices in China fall 8% after Peru's big anchovy TAC news - Undercurrent News

> Fishmeal prices in China fell about 8% after the Peruvian anchovy TAC announcement. The decline reflects market reaction to expected higher Peruvian supply.

- Date: 2018-04-13 · published 2018-04-13T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/65421-fishmeal-prices-in-china-fall-8-after-peru-s-big-anchovy-tac-news-undercurrent
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

The sharp drop in Chinese fishmeal prices signals softer global protein-meal costs, which benefits feed formulators buying fishmeal.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2018/04/13/fishmeal-prices-in-china-fall-8-after-perus-big-anchovy-tac-news/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.