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IFFO reports that shrimp farming is the main driver of fishmeal demand, especially in Asia and South America. Peru was the largest exporter in 2020 with 27 percent share, and China was the largest importer at 1.4 million tonnes.
Steady aquaculture demand, particularly from China, supports fishmeal prices, though subdued Chinese pig prices may slow growth.
benisonmedia.comAshwani VermaNov 8, 2021Not 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.
