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IFFO data show global fishmeal production up 7% and fish oil up 12% in the first eight months of 2021. Peru, Chile and India are the main countries with higher output, and China's domestic production resumed in September.
Higher fishmeal supply from Peru, Chile and India is bearish for fishmeal prices, though China's fourth-quarter output is still uncertain.
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.