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IFFO reports that fishmeal and fish oil production in the covered countries rose 6% in the first 11 months of 2021. Fishmeal plants in North China were idle, and imported fishmeal shipments kept rising with historically high stocks in port warehouses.
High port stocks in China are a bearish factor that could weigh on fishmeal prices despite the steady production growth. Idle North China plants reduce domestic demand.
aquafeed.comAquafeed Media SLUJan 14, 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.
