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Peru's fishmeal and fish oil supply is at risk as COVID-19 quarantines and curfews, extended to the end of April, cause worker and input shortages. The start of Peru's 2020 first fishing season has not been announced.
Global fishmeal output in 2019 fell 27 percent from 2018, with Peruvian fishmeal down 43.3 percent.
Peru is the dominant fishmeal supplier, so a delayed or curtailed season tightens global supply and supports fishmeal prices, which feeds into aquafeed and hog and poultry feed costs.
fao.orgAug 7, 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.
