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IFFO reports that cumulative fishmeal production through October 2020 was down 1.4% year on year, and fish oil output was down about 1%. Peru and the US drove the fish oil decline, while India's landings recovered after COVID-19 lockdowns.
Slightly lower fishmeal and fish oil output keeps supply tight, which supports prices for these protein and fat ingredients in aquafeed.
Not 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.