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Fishmeal production in IFFO-sampled countries reached 2.4 million tonnes in 2021, up 3.6%, with industry expecting further growth. Fish oil prices are reaching record highs as output lags.
Expectations of continued fishmeal abundance are bearish for fishmeal prices, while record fish oil prices raise costs for aquafeed and feed formulators.
feedstrategy.comEmma PenrodFeb 10, 2022Not enough comparable past events yet for a historical read.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.
