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IFFO's January 2021 market intelligence report found total fishmeal and fish oil production exceeded January 2020 levels, driven by better landings in Peru and Chile. Raw material availability improved in Northern Europe and Africa but fell sharply in the US after poorer Alaska landings.
Domestic Chinese fishmeal output stayed subdued around the Spring Festival, while Chinese seafood demand remained robust.
Higher South American landings add meal supply to the main importer, China, which tends to weigh on fishmeal prices. Weaker US supply and steady Chinese demand limit how far that pressure can go.
issuu.comPerendale Publishers Ltd Follow this publisherApr 20, 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.
