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IFFO's outlook trims global fishmeal supply for 2022 because of lower South American harvests. Fish oil yields are forecast to rise.
Lower fishmeal supply from South America tightens a protein ingredient used in aquafeed and pig and poultry diets, supporting fishmeal prices.
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.