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Rabobank forecasts the second half of 2023 will be the most challenging period for global aquaculture since 2020. Fishmeal prices are rising due to El Niño and the Peruvian season cancellation, while shrimp prices are at record lows from Ecuadorian oversupply.
Aquafeed prices are expected to be supported by the fishmeal and fish oil scarcity.
Scarce fishmeal and fish oil supply is expected to keep feed ingredient costs elevated through late 2023. Weak shrimp demand, however, limits how much aquaculture buyers can pass on those higher costs.
agnavigator.comJane ByrneAug 8, 2023Not 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.
