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A Russian fishery executive tells IntraFish that Chinese market shifts have made demand for premium white fishmeal, made from pollock, highly volatile. White fishmeal normally commands a premium over red fishmeal.
The disruption is described as making the market feel like gambling.
A weaker or more erratic Chinese buying pattern for premium white fishmeal could narrow the premium over standard fishmeal and pressure prices for that grade. Buyers of fishmeal for feed should expect more price swings.
intrafish.comKim TranNov 1, 2017Not 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.
