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IFFO reported that global fishmeal output in the first seven months of 2026 was 49% below the same period of 2025, and fish oil was down 30%. Peru and Chile drove most of the decline, with softer catches in Africa and Northern Europe adding to it.
A roughly half-cut global fishmeal supply is a strong bullish signal for fishmeal prices. Asian peak-season output in the fourth quarter may partly offset the gap.
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.