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Fish Focus reports IFFO data showing January to May 2021 fishmeal output up 48% and fish oil up 51% year on year. It attributes the rise to Peru's earlier fishing season and notes record Chinese fishmeal port stocks and recovering Chinese pig herds.
Higher Peruvian supply tends to weigh on fishmeal prices, while the recovery in China's pig herd and rising feed output support demand. The net price effect is balanced.
fishfocus.co.ukJul 12, 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.
