
China produces about 400,000 metric tons of fishmeal a year, down from a 2012 peak of 1.24 million, and output is expected to keep falling. China imported about 1.46 million tons last year and will need more imports to hold supply.
Stricter fisheries management is cutting coastal catch limits and pushing many producers out of the sector.
Shrinking Chinese domestic output and rising import needs, the world's largest fishmeal importer, tighten global fishmeal supply and support prices for feed buyers.
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.