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IFFO data show global fishmeal and fish oil output rose about 50% in May, driven mainly by Peru. The increase reflects stronger Peruvian landings.
Higher output adds fishmeal supply, which is bearish for prices, although the Peruvian season is nearing its end.
undercurrentnews.comJul 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.
