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IFFO data shows the downward trend in fishmeal and fish oil output continued into early 2026, with Peruvian production below last year's levels. Peru accounts for roughly 20% of world fishmeal and fish oil production, so its shortfall matters for global supply.
A continued decline in Peruvian output tightens global fishmeal supply and supports higher prices. Buyers should expect firm fishmeal costs until Peru's season ramps up.
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.