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IFFO reports cumulative fishmeal production through August 2025 rose about 8% year on year, and fish oil output rose about 4%. Peru's lower oil yields in the recent season were a key drag on fish oil.
Chinese aquaculture output has also grown in 2025.
Higher global fishmeal output adds supply, but strong Chinese demand limits how far prices can fall.
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.