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FAO's Globefish report says global fishmeal output fell in 2016, with Peru's anchovy season full of swings. El Niño is ending and no major factors threaten the 2017 Peruvian season.
Strong expected anchovy landings and growing aquaculture demand support a short-term price rise.
Expected Peruvian landings of 2 to 2.5 million tonnes would ease supply, but rising demand from shrimp and salmon farming could push fishmeal prices up in the short term. Higher fishmeal prices raise feed costs for pig and poultry buyers.
fao.orgJun 20, 2017Not 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.
