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Rabobank analyst Novel Sharma says global fishmeal demand is becoming inelastic, with aquaculture taking about 91% of supply. He warns a shortage could arrive before 2032 and that price volatility will recur.
Aquaculture dominance and flat supply mean fishmeal prices are likely to stay high and volatile for feed formulators. Buyers should expect firmer prices as shortage risk builds.
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.