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IFFO reports global fishmeal output up about 3% and fish oil up 14% year on year through April 2025, with Peru's north-central season off to a strong start. IFFO estimates 2025 fishmeal output at 5.6 million tonnes, while European output declined.
Rising global output and a solid Peruvian season add supply that tends to cap fishmeal price gains for feed buyers.
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.