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IFFO said China's fishmeal output is likely to decline in 2024 after a sharp jump in 2023. The 2023 increase was driven by rising global prices, a dynamic not expected to repeat this year.
Lower Chinese production would tighten fishmeal supply and could support prices, reducing the downward pressure from Peruvian supply.
intrafish.comRobin PaxtonOct 23, 2024Not 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.
