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IFFO reports that global fishmeal and fish oil output remains weak in 2026 because El Niño is reducing raw material availability in Peru and Chile. Lower supply in Northern Europe and parts of Asia adds to the shortfall.
Chinese aquafeed demand is holding up relatively well.
Persistent supply shortfalls from the main producers keep fishmeal prices elevated and support protein meal values. Feed buyers face higher costs for marine-based inclusions.
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.