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IFFO data show global fishmeal output rose about 36% and fish oil output about 10% in January through July 2024 versus 2023. The gains were driven by Peru's productive north-central anchovy season, which met its 2.48 million tonne quota.
Higher fishmeal and fish oil output adds supply to the market, which weighs on prices and gives feed buyers more room to purchase.
seafoodsource.comSeafoodSourceNov 1, 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.
