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IFFO members report Peruvian fishmeal output rose nearly 36% in January to July 2024 versus 2023, and fish oil output rose about 10%. Chinese port fishmeal stocks hit record highs in September as demand from aquaculture and pig sectors weakened.
Strong Peruvian output combined with record Chinese port stocks and weak demand points to bearish fishmeal prices, while cheaper fishmeal and plant meals weigh on soybean and rapeseed meal pricing.
salmonbusiness.comMatthew WilcoxSep 30, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
