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Global fishmeal and fish oil output fell in the first ten months of 2023, mainly because Peruvian production dropped 70% after the June season was cancelled. Chinese demand weakened, and China's cumulative fishmeal imports were down about 8% through September.
The combination of sharply lower Peruvian output and softer Chinese imports reflects a tight global fishmeal balance that supports prices for feed buyers.
tridge.comVictor LangatNov 21, 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.
