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IFFO expects global marine ingredients supply to be just under 5 million tonnes of fishmeal and about 1 million tonnes of fish oil in 2020. Output is forecast to rise from 2019, when poorer catches in Peru, Iceland and Denmark cut production.
A forecast supply increase, driven mainly by Peruvian landings, points to looser fishmeal and fish oil availability and softer prices.
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.