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IFFO reported that cumulative fishmeal output through May 2025 fell about 2% from a year earlier, driven by Peru and Northern Europe. Other regions posted growth.
Peru declared the end of its first 2025 north-central season after more than 80% of the 3 million tonne quota was landed.
The data confirms weaker fishmeal output from Peru and Europe, which supports firm marine protein prices. Buyers should expect the reduced supply to persist while the second Peruvian season begins.
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.