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IFFO reported that total fishmeal and fish oil production in January 2021 exceeded January 2020 levels. Peru, Chile, Northern Europe and Africa saw better raw material availability, while the US fell sharply after poorer Alaska landings.
China's aquafeed output is expected to rise from mid-March as seafood demand recovers.
Higher global fishmeal output from Peru and Chile eases supply, which is bearish for fishmeal prices. The expected rebound in Chinese aquafeed demand offsets some of that pressure, so the net price effect is likely modest.
aquafeed.comAquafeed Media SLUMar 22, 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.
