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A GlobalPETS feature reports that fish oil prices spiked in 2023 after Peru cancelled its April-July fishing season, creating a shortage of fishmeal and marine ingredients. IFFO data show fishmeal output in the first 11 months of 2023 fell 16% year on year.
The tight fishmeal and fish oil supply from the 2023 Peruvian shortfall keeps marine ingredient prices elevated, supporting fishmeal costs for feed formulators.
globalpetindustry.comEmma PenrodMar 28, 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.
