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Japanese fish cake makers face higher raw material costs after Alaska pollock surimi output in the Bering Sea is expected to fall about 30% this fall, with Russian catches down about 10%. Demand for pollock fillets is rising in Europe and the US, and fishmeal prices have risen sharply after Peru's anchovy catch fell.
Tighter pollock and anchovy supply lifts fishmeal prices, raising feed costs for aquaculture and pushing buyers toward substitute species.
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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.