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Ecuador's shrimp harvests are rising, which will increase feed demand. High fishmeal and fish oil prices, combined with weak shrimp prices, are already reducing marine ingredient inclusion rates.
Higher harvests support feed volumes, but lower fishmeal inclusion shifts demand toward plant proteins and keeps marine ingredient prices under pressure from substitution.
Not enough comparable past events yet for a historical read.
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.