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Trading house Marubeni is exploring insect-based feed as an alternative to fishmeal for Japanese fish farmers. The effort follows rising costs for fishmeal-based feed.
Development of fishmeal substitutes is a long-term demand risk for fishmeal, though it has little near-term effect on prices given the small scale described.
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.