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IFFO data show global fishmeal production in January 2025 rose about 75% year over year, driven by Peru. Fish oil output was up 71%, while China's 2024 aquafeed output fell 3.5%.
Stronger production adds fishmeal and fish oil supply, which tends to weigh on prices. Lower Chinese aquafeed demand reinforces the softer price outlook.
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.