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IFFO data show cumulative fishmeal production down about 28% in the first eight months of 2023 compared with 2022. Peru's 70% year-on-year decline, after El Niño cancelled its first anchovy season in June, is the main cause.
Fish oil output was down 24%, with Chile the exception.
Peru's loss of anchovy supply tightens the global marine ingredients market and supports fishmeal prices for feed buyers.
fishfarmingexpert.comEditorial teamOct 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.
