End of the Peruvian fishing season, reaching the quota. China is the largest buyer of Peruvian fish meal, and is now starting a two week New Year celebration. Weaker prices for Peruvian fish meal the last weeks. This makes it more competitive to other markets where Peru has not been supplying for some time. Guiding for forward prices will now focus on demand the next weeks, and later for the outlook for the next Peruvian fishing season. Slower salmon slaughtering in Norway.
Volatile markets for stocks might bring an impact on commodity markets if the money men see a clear direction. So far, however, we have seen little influence. EUR stronger vs USD.