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IFFO data show global use of marine raw materials in March 2022 was 6% lower than in March 2021, with fishmeal output rising only in India, Iceland/North Atlantic and Africa. The decline is largely attributed to a slow start to Peru's fishing season after its late-2021 quota was landed.
Lower year-on-year fishmeal and fish oil output points to tighter global supply, which supports prices for feed buyers while Peru's season remains slow.
thefishsite.comMay 18, 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.
