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Chinese fishmeal spot prices rose a further 500 yuan per tonne on November 3, with Peruvian super steam fishmeal quoted at 26,000-26,500 yuan/tonne, a record level held on November 4. Peru's current-season forward reference price reached CNF $3,450/tonne, and domestic port stocks fell to about 113,800 tonnes.
Chinese pet food makers face higher costs while soybean meal prices eased.
Peru's season cancellation and El Niño keep fishmeal tight, lifting feed costs for aquaculture and pet food buyers, while soymeal's decline widens the price gap that lets formulators substitute plant protein for animal protein.
petgw.comNov 5, 2026Not enough comparable past events yet for a historical read.
Not 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.
