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IFFO data show fish oil output in the first 11 months of 2022 rose year over year, while fishmeal output fell. The fishmeal decline mainly reflects a late start to Peru's second 2022 season, leaving a deficit of about 1.15 million tonnes of raw material.
Chinese marine ingredient production remains subdued and aquafeed output rose slightly in 2022.
Tighter Peruvian raw material supply keeps fishmeal relatively firm, while rising fish oil output adds supply to that market. Chinese demand softness limits upside.
thefishsite.comJan 23, 2023Not enough comparable past events yet for a historical read.
After 66 past neutral report events, PALMOIL moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% over 20.
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.
