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IFFO data shows fishmeal and fish oil production fell in most monitored countries in January 2026, with Peru output below last year's levels through February. Chinese aquafeed demand is expected to support solid first-quarter fishmeal demand, particularly in southern China.
Lower global supply from Peru combined with firm Chinese demand points to a tighter fishmeal market and higher prices. Feed buyers should budget for stronger fishmeal costs into spring.
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.