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The FAO projects 2024 global fisheries and aquaculture output to rise 2.2% to nearly 192 million tonnes. Wild catch is set to recover after a poor 2023 caused by El Niño's effect on Peruvian anchoveta, with Peru's 2024 quota set above five million tonnes.
FAO expects feed costs to fall into next year as marine ingredient and grain supplies improve.
Higher anchoveta catches and improved marine ingredient availability point to lower fishmeal and fish oil prices. The FAO's expectation of falling feed costs signals lower input pressure for feed producers.
fao.orgMay 12, 2024Not enough comparable past events yet for a historical read.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
