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Industry body GOED said Peru's first 2024 anchovy season ended on a high note, with fish oil yield expected at 75,000 to 85,000 tonnes. The season followed a fish oil shortage in which prices rose from $5.83 to $11.12 per kg during 2023 after El Niño cut quotas.
A recovery in fish oil yield signals a looser marine ingredient supply after last year's shortage. Fishmeal prices are likely to soften as the supply outlook improves.
nutraingredients.comTingmin KoeJul 2, 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.
