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IFFO's China Summit reported that 2024 global fishmeal and fish oil output stayed near the decade average, with Peru landing 4.7 million tonnes in 2024. Fishmeal demand in China is projected to rise about 20%, and Peru's season quota was 70% filled by mid-June.
Projected Chinese demand growth of about 20% is bullish for fishmeal prices, partly offset by steady Peruvian supply.
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.