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IFFO data shows cumulative fishmeal production fell about 2% year-on-year through May 2025, ending a rising trend that began in 2024. The decline came mainly from lower output in Peru and northern Europe.
China's production remained limited.
A cumulative production decline, led by Peru, keeps global fishmeal supply tight. This supports prices and reduces the likelihood of cheaper protein meal from marine sources.
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.