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IFFO data show global fishmeal output up about 2% and fish oil up about 7% through November 2025, supported by strong Peruvian landings. China's 2025 marine ingredient output is projected to fall 20-30% as high costs squeeze local producers.
Lower Chinese supply is driving higher fishmeal imports.
Rising Chinese import demand because of weak domestic output is supportive for global fishmeal prices, partly offsetting ample Peruvian and global supply.
salmonbusiness.comEditorial TeamJan 30, 2026Not 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.
