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Norway saw shortages of capelin and blue whiting in 2022, which pushed far more herring into fishmeal production. The shift reflects tight supply of traditional raw materials for reduction plants.
The article reports on this change in the 2022 fishmeal output mix.
Diverting herring into fishmeal adds some supply but signals tight raw fish availability in Northern Europe, which supports fishmeal prices. The effect on global prices is modest.
undercurrentnews.comNeil RamsdenJan 3, 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.
