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IFFO estimates 2021 global fishmeal production at 2.443 million tonnes, up from 2.359 million in 2020. Fish oil output in the sampled countries fell nearly 6% to 546,000 tonnes from 581,000 tonnes.
Higher fishmeal output adds supply, but strong Chinese import demand and aquaculture-driven consumption limit downside for prices, while lower fish oil output supports oil prices.
foodagribusiness.worldNatalie KinsleyFeb 11, 2022Not enough comparable past events yet for a historical read.
After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% 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.
