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IFFO forecasts a slight year-on-year decline in 2025 fishmeal and fish oil production, though it notes a positive trend in global marine ingredients output. Peru's second North-Centre anchovy season ended with nearly all of its 1.63 million tonne quota landed.
Cumulative fishmeal output through November 2025 was up about 2% year on year.
A slightly smaller 2025 marine ingredient supply, with Peru's quota nearly fully landed, supports firm fishmeal prices and feed cost pressure.
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.