China Fishmeal Weekly: Traders cut prices amid mounting inventory pressure (week ended Apr 27, 2017)
Port inventories of fishmeal increased to 166,000 tonnes as shipments arrived steadily. With supplies rising and feed millers holding back purchases, fishmeal traders cut prices in attempts to clear stocks. Price quotes for prime-grade products slid to the range of RMB11,200-11,300/tonne.
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