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IFFO reported January 2025 global fishmeal production up 75% year over year, with Peru up 300%, and fish oil output up 71%. Chile, the US, Spain and African members also posted gains, while China's 2024 aquafeed production fell 3.5%.
A strong start to 2025 output adds meal and oil supply, supporting a bearish fishmeal outlook, while weaker Chinese aquafeed demand reduces import pull.
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.