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IFFO reports cumulative global fishmeal production in the first nine months of 2023 fell about 26% year on year, driven by a 70% drop in Peru. Fish oil output fell 21%, with Chile the only major producer to rise.
China's cumulative fishmeal imports through September dropped 8.7%.
Peru's production collapse tightens the fishmeal supply that aquafeed buyers rely on, supporting fishmeal prices, while weaker Chinese demand partly offsets that tightness.
iffo.comNov 15, 2023Not 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.
