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A RaboResearch report says aquaculture demand for fishmeal and fish oil is surging while stagnant marine ingredient availability clashes with growth. Supply shocks linked to climate change and El Niño are increasing vulnerability.
Demand exceeding supply tightens fishmeal and fish oil markets and supports prices, encouraging alternative feed ingredients.
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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.