Fishmeal Price Is Expected to Bottom Out

By CnAgri2013-07-23 11:30:00 Print Fishmeal：On July 17th, 2013, the average wholesale price of fishmeal at major ports and production provinces is RMB10,667Yuan/MT, down 1.44% compared with last week. Half of the fishmeal has been sold in Peru, so local fishmeal manufacturers were encouraged and space for price bargain narrowed. So once the turnover quantity increases, fishmeal price will see rebound from bottom. And peak season for domestic fishmeal consumption is arriving. Therefore, it is advised that users with low level of stocks should buy right amounts of fishmeal in case price rebounds later. (Table 6)



From “China Livestock and Feed Market Weekly Report”