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IFFO reports that cumulative fishmeal production in the first ten months of 2021 rose 5% year on year and fish oil rose 8%, with Peru, Chile and India leading gains. China's pig feed output remained strong ahead of New Year, while aquafeed output rose in October.
Higher global fishmeal output eases supply pressure, while steady Chinese pig-feed demand supports protein meal prices.
Not enough comparable past events yet for a historical read.
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.