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IFFO figures show global fishmeal output fell about 16% and fish oil output about 20% in 2023, with Peru's fishmeal production down 41% after El Niño cancelled the first season. Chile was the only major producer with higher output, and China started 2024 with slower fishmeal imports.
Lower global supply combined with weaker Chinese import demand gives mixed pressure on fishmeal prices, with supply tightness the stronger force for feed buyers.
weareaquaculture.comLouisa GairnJan 16, 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.
