Fishmeal Output Plummets 49% Amidst El Niño's Grip

The International Fishmeal and Fish Oil Organisation (IFFO) reported that global fishmeal production plummeted by 49% through July, while fish oil output dropped by 30%. This significant decline is attributed to the ongoing El Niño event affecting supply.

El Niño has led to a decrease in fish populations, making it more challenging for manufacturers to meet demand. The impact of this phenomenon on global markets is substantial, with far-reaching implications for both producers and consumers.