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IFFO data show cumulative global fishmeal production rose nearly 16 percent in the first 11 months of 2024. The gain reflects a return to normal Peruvian anchovy quota levels that offset lower output elsewhere.
Higher Peruvian supply adds fishmeal availability and tends to pressure prices lower, supporting cheaper protein for feed buyers.
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.