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A blog post reproduces IFFO's January 2021 marine ingredient analysis. It reports higher fishmeal and fish oil output than a year earlier, with a US supply drop and steady Chinese seafood demand.
It also notes that Chinese domestic fishmeal production may not improve in Q1 2021 versus Q1 2020.
Larger South American catches add supply to the market, while Chinese demand and weak domestic output provide some offset.
theaquaculturists.blogspot.comPeter ParkerApr 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.
