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IFFO market data show cumulative fishmeal output up 6.5% and fish oil up 12% year on year through August 2021. Shipments of imported fishmeal are still rising despite the container crisis, and port warehouses hold historically high stocks.
Higher output plus large port stocks points to ample fishmeal supply, which is bearish for prices, although demand is described as healthy.
aquafeed.co.ukJoy NelloolichalilOct 13, 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.
