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Global fishmeal output fell about 27% in the first quarter of 2024 versus the same period in 2023, according to IFFO. The drop reflects the early start of Peru's second 2023 season and a lower quota.
The sharp Q1 supply shortfall supports fishmeal prices, although expected Peruvian catches later in the year could reverse the trend.
undercurrentnews.comMay 13, 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.
