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IFFO data show fishmeal output in the first two months of 2022 fell 11% year on year, while fish oil rose 12%. China's domestic production is subdued by Covid disruptions, and a fishing moratorium begins in May.
Lower Peruvian catches and China's May fishing ban reduce near-term fishmeal supply, supporting prices into the mid-year period.
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.