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IFFO reports cumulative fishmeal output from its members rose nearly 16% year on year in the first eleven months of 2024, led by Peru. Over 85% of Peru's 2.51 million tonne second-season quota had been caught, and fish oil production grew about 3%.
Strong Peruvian supply raises global fishmeal availability, which tends to weigh on fishmeal prices and ease feed input costs.
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.