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China's fishmeal inventories are reported to be high and expected to rise despite a strong sales period. Ex-farm Thai vannamei shrimp prices were also quoted in the same market update.
Heavy Chinese fishmeal stocks add bearish pressure on global fishmeal prices, which weakens the cost case for fishmeal in aquafeed.
undercurrentnews.comLouis HarkellJul 6, 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.
