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Rabobank's half-year update says salmon and shrimp farms faced biological problems in the first half of 2024, while demand in Europe and the US is expected to recover gradually. The report also expects feed costs to ease as fishmeal supply recovers.
Expected recovery in fishmeal supply should lower aquafeed input costs, which supports lower prices for marine protein buyers.
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.