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Fish oil and fishmeal prices have fallen sharply from their 2024 peaks. The recovery in the Peruvian anchovy harvest is cited as the driver of lower costs for salmon farmers.
Cheaper fishmeal from a larger Peruvian catch lowers protein feed costs for aquaculture and livestock buyers, and points to softer fishmeal prices.
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.