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Global fishmeal and fish oil output remains low after Peru's first anchovy season was cancelled. IFFO data show fishmeal output down about 28% and fish oil down 24% in the first eight months of 2023.
China's aquaculture sector faces rising feed costs and weaker demand.
Tight global fishmeal and fish oil supply keeps prices firm for aquafeed buyers, while weaker Chinese demand limits how far prices can rise.
undercurrentnews.comOct 12, 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.
