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IFFO says fishmeal demand is driven mainly by shrimp farming in Asia and South America, along with China's pig sector and pet food. Asian buyers took over 70% of global fishmeal output in 2020, and China was the largest importer at 1.4 million tonnes.
Steady shrimp and aquaculture demand, plus China's pig recovery, supports fishmeal prices, while subdued Chinese pig prices may temper growth.
benisonmedia.comAshwani VermaOct 30, 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.
