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IFFO expects global fishmeal output to fall below 5 million metric tons as El Niño affects Peru. The article notes the warm-water conditions weighing on Peruvian catches.
A forecast sub-5 million tonne global output would be a sharp supply contraction, supporting fishmeal prices and raising costs for aquafeed and livestock rations.
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.