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IFFO projects a 26% increase in global fishmeal production for 2024 and a 12% rise in fish oil, driven by Peru's anchoveta recovery after El Niño hit 2023. Peru's second season delivered 2.42 million metric tonnes, 96% of quota.
Higher fishmeal supply from Peru's recovery is expected to weigh on fishmeal prices, though the increase in fish oil is smaller.
aquafeed.co.ukChristopher JoseFeb 4, 2025Not 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.
