China Fishmeal Weekly: Market rally continues; price jumps 23% in four weeks (week ended Nov 8, 2012)
FOB prices of Peru's FAQ fishmeal rose prominently by US$180/tonne to US$1,770/tonne over the week, as buyers placed orders eagerly amid fears of a supply crunch. Compared with the 2.5 million tonnes fishing quota during the same period last year, the current new season's quota of 810,000 tonnes was drastically low.
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