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IFFO's September 2022 market analysis, based on members representing 55% of global marine ingredients output, reports July 2022 raw material usage 42% higher than July 2021. Cumulative fishmeal production for January to July 2022 was slightly below 2021, while fish oil output was in line with 2021.
Peru's lower output reflects a reduced fishing quota in late 2021.
Slightly lower fishmeal supply alongside stronger raw material use points to firm fishmeal prices for feed buyers. Peru's quota cut is a key supply constraint to watch.
iffo.comSep 14, 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.
