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IFFO data show that July 2022 marine ingredient raw material usage was 42% higher than in July 2021, based on members representing 55% of global production. Cumulative fishmeal output for the first seven months was slightly below 2021, with Peru down and the USA, India, Iceland/North Atlantic and Africa up.
China's production is expected to pick up in September after fishing moratoriums were lifted.
Lower cumulative fishmeal output, driven by Peru, supports fishmeal prices, though rising Chinese output and Peruvian season catches may limit the upside.
fishfocus.co.ukFish FocusSep 27, 2022Not 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.
