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A Vietnamese article promotes bio-protein from by-products as a substitute for fishmeal, citing a market-research projection that the global fishmeal market will grow from $10.91 billion in 2025 to about $20.59 billion by 2034. It says fishmeal prices have become volatile due to declining catches, logistics costs and exchange rates.
Growing interest in by-product protein substitutes could gradually reduce aquafeed demand for fishmeal, but the effect on near-term fishmeal prices is small.
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.