China Fishmeal Weekly: Traders cut prices amid sluggish demand (week ended Dec 1, 2016)
Slack demand for aqua feed and cautious mood of hog feed producers curtailed the demand for fishmeal. Traders were compelled to lower prices despite firm import costs in efforts to stimulate demand. Price quotes for prime-grade products were stable to lower in the range of RMB11,500-11,800/tonne.