European salmon farms are increasingly using rendered poultry proteins such as chicken meal and oil in feed, with Lerøy, Grieg, SalMar and Mowi moving in this direction. The shift is driven by fishmeal prices that have nearly doubled over two years amid disruption to Peruvian anchovy fisheries.
Rising fishmeal prices are pushing aquaculture buyers toward poultry by-products, which could widen demand for rendered poultry protein and support prices for poultry meal while easing some fishmeal demand.
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.