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A China feed market report says Peruvian fishmeal cash prices in Chinese ports eased about RMB100 per ton in the week to November 15. Trial fishing off northern-central Peru landed 50,690 mt, with a high share of juvenile fish, and the official season opens November 15.
Chinese buyers are pricing in the slightly larger-than-expected second anchovy quota, so fishmeal is drifting lower. Heavy port stocks and steady catches point to softer near-term fishmeal prices.
chinafeedonline.com.hkNov 15, 2016Not 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.
