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IFFO reported that fishmeal and fish oil production in the first half of 2020 fell 7.5% and 7% respectively, year on year. June output was well above the 2011-2019 average, driven by higher landings in Peru, Northern Europe and India.
Lower fishmeal output tightens a limited protein supply for feed compounders, which supports fishmeal prices. Peru's landings remain the key swing factor.
fishfarmingexpert.comJul 31, 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.
