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IFFO's April 2022 market update reports that fishmeal production in its sample countries fell 11% year on year in January-February 2022, while fish oil output rose 12%. The decline is attributed to fewer catches in northern-central Peru, with higher Icelandic capelin catches lifting oil output.
A sharp fishmeal supply drop from Peru, the main anchoveta source, tightens the protein market for feed buyers and supports fishmeal prices.
iffo.comApr 15, 2022Not enough comparable past events yet for a historical read.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
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.
