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Rabobank's latest aquaculture report says salmon prices will stay high but fall below their 1H 2022 peak, and shrimp prices may bottom in 1H 2023. Fishmeal prices remain supported by firm demand and limited supply growth despite softer soymeal prices.
Recessionary behavior is reported in US and European retail and food service.
Firm fishmeal demand alongside limited supply growth supports fishmeal prices, which matters for aquafeed costs. Weaker soymeal prices partly offset this on the terrestrial side.
aquafeed.comAquafeed Media SLUJan 23, 2023Not enough comparable past events yet for a historical read.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
