Loading…
IFFO reports that fishmeal production in the regions it tracks rose more than 36% year on year in Q1 2023. The increase was driven mainly by a late start to Peru's second fishing season, while fish oil output fell 9%.
A large rise in fishmeal output eases supply pressure in the marine protein market, which is bearish for fishmeal prices, though China's weaker domestic output limits the effect.
fishfarmingexpert.comEditorial teamMay 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.
