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Seafood News analysis examines a push by aqua feed producers to replace fishmeal and fish oil with alternatives. Drivers include aquaculture growth outpacing wild-stock fishmeal supply and environmental criticism of fishing for feed.
Sustained substitution of fishmeal in aqua feeds would weaken long-run fishmeal demand, although it is unlikely to move prices in the near term.
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.