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Vietnamese shrimp and fish producers are seeking alternative fishmeal sources because of an expected shortage of Peruvian supply. Peru cancelled its anchovy season in June due to El Niño.
Some suppliers have already announced price increases.
Vietnam's aquaculture sector is a sizable fishmeal buyer, so its search for substitutes adds demand pressure on other protein meals. Higher fishmeal prices are expected to persist through the second half of 2023.
asian-agribiz.comHa ThuAug 20, 2023Not enough comparable past events yet for a historical read.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
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.
