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Global fishmeal production has reached its lowest level on record, according to Undercurrent News. Demand from China is increasing at the same time.
Record-low fishmeal output combined with rising Chinese demand supports fishmeal prices and tightens supply for feed buyers. This is a bullish signal that partly offsets the softer outlook from Peruvian supply recovery.
undercurrentnews.comMatilde MereghettiJan 20, 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.
