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IFFO's latest assessment shows global fishmeal and fish oil output fell in early 2026, with exceptions in Denmark, Norway and the USA. Peruvian output stayed below prior-year levels through February, and China's aquafeed production is rising.
Lower supply from Peru and other producers combined with stronger Chinese aquafeed demand supports fishmeal prices. Anchovy quota announcements expected in April are a key upcoming supply signal.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.