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Rabobank projects fishmeal shortages as early as 2028 and fish oil scarcity intensifying through the decade. Aquaculture already consumes about 90% of world fishmeal output, and fed aquaculture is forecast to expand by 12 million tonnes by 2033.
Aquaculture's dominance of fishmeal use and planned expansion point to tightening supply and firmer marine ingredient prices.
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.