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IFFO reported global fishmeal and fish oil production fell sharply in 2023 so far. The decline reflects weaker catches, particularly in Peru.
Lower global fishmeal and fish oil output tightens supply and supports prices for aquafeed buyers.
Not 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.