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IFFO reported that marine raw material availability improved in November 2020 versus November 2019 in most regions. Cumulative fishmeal production through November 2020 was down 0.7% year on year, while fish oil output was in line with 2019.
China's fishmeal imports fell seasonally and consumption stayed subdued.
Steady supply with slightly lower cumulative fishmeal output leaves fishmeal prices broadly supported, while weak Chinese demand limits upside.
aquafeed.comAquafeed Media SLUJan 18, 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.
