
IFFO reported that total cumulative fishmeal production for the first seven months of 2022 was slightly lower than in 2021, as Peruvian output dropped on a smaller quota for the north-central area. Fish oil output was in line with 2021, and raw material usage in July was 42% higher year on year.
China's marine ingredient production and imports are expected to rise in September.
Lower Peruvian fishmeal output tightens global supply, which supports fishmeal prices, while expected rises in Chinese production and imports could partly offset that tightness.
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.