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IFFO data show world fishmeal production rose about 40% in January to June 2024 versus a year earlier, with fish oil up about 10%, driven by Peru's first anchovy season. Supplies are declining in Chile, Europe, the US and China, and Peru's Imarpe is assessing anchovy biomass to set the second-season quota.
Higher global fishmeal supply from Peru tends to pressure fishmeal prices lower, though falling output elsewhere and the pending second-season quota could limit the decline.
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worldfishing.netOPTIMAR ASAug 28, 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.
