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Fishmeal production in the first two months of 2023 was up more than 55% from 2022, led by larger Peruvian output after a late start to the North-Centre season. Fish oil output was down 20%, mainly from Iceland and the North Atlantic.
Chinese marine ingredient demand remains subdued ahead of a fishing ban starting May 1.
Higher fishmeal supply with weak Chinese demand points to softer fishmeal prices, while lower fish oil output supports oil prices.
aquafeed.comAquafeed Media SLUApr 6, 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.
