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An FX Agri analysis says Peruvian fishmeal sales pressure is high, with about 400,000 tonnes unsold after pre-sales of roughly 230,000 tonnes. Peruvian super steam-dried fishmeal CNF has fallen to about $1,650 per tonne from a $2,400 peak last year.
Chinese feed mills are buying cautiously, and the outlook is for further weakness unless a limited quota is announced for Peru's next season.
Heavy Peruvian inventory and cautious buyers point to softer fishmeal prices in the aquaculture season, though a small quota for Peru's next catch could reverse the trend.
fxbwd.comNov 4, 2026Not 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.
