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IFFO reports strengthening global marine ingredients production, with fishmeal output up about 2% and fish oil up about 7% through November 2025. Peru's second North-Centre season ended with almost all of the 1.63 million tonne quota landed.
Regional declines were offset by higher output in most areas.
Resilient fishmeal and fish oil supply with rising demand keeps prices supported but not sharply tighter, a mixed signal for fishmeal buyers.
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.