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FAO reports that Peru's Q1 2025 fishmeal exports rose 67% year on year to 421,000 tonnes, and fish oil exports rose to 66,700 tonnes. China took 67% of Peru's fishmeal exports, and its port stocks stood at about 290,000 tonnes.
Higher Peruvian supply and steady Chinese import demand point to ample fishmeal availability, a mildly bearish factor for fishmeal prices.
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.