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IFFO forecasts 2025 global fishmeal output of 5.4 million tonnes and fish oil output of 1.2 million tonnes. Two-thirds of Peru's 1.63 million tonne second north-central anchovy quota has already been caught.
A solid Peruvian catch and a 5.4 million tonne global forecast point to adequate fishmeal supply, which tempers upward price pressure on protein feed ingredients.
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.