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Rabobank's H2 2023 outlook warns that shrimp prices may fall further as China demand softens and Ecuador output grows. Reduced fishmeal availability from an El Niño-linked slump in forage fish landings is squeezing margins across aquaculture.
Tighter fishmeal supply from El Niño-related landing declines raises feed costs for shrimp producers, which can weaken demand for fishmeal-based feed in Asia.
thefishsite.comRob FletcherJul 31, 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.
