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IFFO reports global fishmeal output fell about 27% in Q1 2024, and nearly 50% of Peru's 2.475 million tonne anchovy quota was caught in the first 23 days. China's fishing ban runs from May 1 to September, and its fishmeal imports through March were down year on year.
Tight Q1 supply and China's seasonal ban support fishmeal prices, while weak Chinese feed demand limits the upside.
fishfocus.co.ukFish FocusMay 17, 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.
