China Fishmeal Weekly: Market stays weak despite firm import costs (week ended Apr 28, 2016)
Sales of fishmeal were weaker than expected as heavy rains in several regions hampered the recovery of aqua farming. Moreover, with port inventories expanding to 140,000 tonnes, traders negotiated prices in efforts to clear mounting stocks. Price quotes for prime-grade products slid to the range of RMB12,000-12,200/ton ...