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IFFO data show global fishmeal production from January to July 2024 rose about 36% year on year, driven by a strong first anchovy season in northern-central Peru. Fish oil output through July was roughly 10% higher, and Chinese port fishmeal stocks reached record levels in September.
Ample Peruvian output and record Chinese port stocks point to continued pressure on fishmeal prices, supporting cheaper protein inputs for feed compounders.
aquafeed.comAquafeed Media SLUSep 30, 2024Not enough comparable past events yet for a historical read.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
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.
