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IFFO reported that Peru's first 2024 anchovy season is boosting global fishmeal and fish oil supply. Cumulative fishmeal output in the countries IFFO tracks rose 40% in the first five months of 2024 versus 2023, mainly because of Peruvian supply.
A 40% year-on-year rise in fishmeal output eases the global protein supply for feed formulators. That should keep fishmeal prices under pressure while the Peruvian catch is strong.
undercurrentnews.comMatilde MereghettiJul 3, 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.
