Loading…
According to IFFO data cited by Agnavigator, cumulative fishmeal production by key producers fell 28% in the first eight months of 2023. The drop is mainly due to a 70% decline in Peru, where El Niño led to cancellation of the first anchovy season.
Chile was the only country with higher output, and fish oil output fell 24%.
The shortfall in Peruvian anchovy catches leaves fishmeal and fish oil supply tight, which supports higher prices for feed ingredients.
agnavigator.comJane ByrneOct 13, 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.
