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IFFO's market trends report shows cumulative fishmeal production in the first five months of 2023 down more than 10% from a year earlier. The drop is driven mainly by a roughly 50% fall in Peru, and China's weak domestic output is driving higher imports.
Lower Peruvian output and rising Chinese import demand tighten the global fishmeal balance and support prices for feed buyers.
aquafeed.co.ukDavid HarveyJul 24, 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.
