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IFFO reports first-quarter 2025 global fishmeal production up about 29% year over year and fish oil up 24% cumulative, driven mainly by Peru. China's fishing bans from May 1 mean raw materials will rely on frozen fish and imports until August.
Higher Peruvian output adds fishmeal supply, while Chinese seasonal bans keep import demand firm. Fishmeal buyers face balanced to slightly softer supply conditions.
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