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IFFO reported that June 2020 marine ingredient raw material availability was well above the 2011-2019 average, driven by higher-than-average Peruvian landings. Year-on-year raw material was almost 60 percent higher, and cumulative fishmeal output was estimated only 7.5 percent below last year.
Stronger raw material availability and output recovery point to ample fishmeal supply, which is bearish for fishmeal prices and eases protein costs for feed formulators.
aquafeed.comAquafeed Media SLUAug 3, 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.
