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IFFO data show fishmeal production through March 2025 up about 29% and fish oil output up 34%, driven by Peru. China's fishing bans and strong piglet purchases are expected to support marine ingredient demand in 2025.
Expanding Peruvian supply offsets firmer Chinese demand for fishmeal. Price direction depends on Peruvian catch and Chinese seasonal demand.
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.