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IFFO data show fish meal and fish oil consumption in July 2021 was 35% below the prior year, mainly because Peru's 2020 season ran into July. Cumulative seven-month production nonetheless rose 8% for fish meal and 17% for fish oil.
China's imported fishmeal stocks reached record levels at ports.
Record Chinese port stocks and weaker monthly demand point to ample near-term fishmeal supply, which weighs on prices. Higher cumulative output reinforces that bearish outlook for feed buyers.
vietfishmagazine.comVFMOct 25, 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.
