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Global fishmeal production dropped about 27% in Q1 2024 compared with a year earlier, according to IFFO. Output is expected to trend positive for the rest of the year as Peru's fishing season ramps up.
Tight first-quarter supply supports prices now, but expected recovery in Peruvian catches should limit upside later in 2024.
savingseafood.orgJohn CookeMay 12, 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.
