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The Marine Ingredients Organisation (IFFO) reports that global marine ingredient production in July 2020 stayed well above the 2011-2019 average for the month. Year-on-year raw material supply was more than 40% higher, while cumulative fishmeal output was down only 2% and fish oil down 4%.
Chinese fishmeal demand improved seasonally and prices rose, though they remain well below last year's levels.
Stronger supply and recovering Chinese demand point to firm but not sharply higher fishmeal prices for feed buyers, with prices still below 2019 levels.
worldfishing.netOPTIMAR ASSep 18, 2020Not 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.
