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Rabobank's Global Aquaculture Update for 2H 2022 says salmon and shrimp farmer profits are likely to decline from recent highs as seafood demand weakens on price corrections and high feed, freight and energy costs. It expects shrimp and salmon prices to rise considerably, especially in Q4, and says Peru's fishmeal output will not surpass 2021 levels.
Lower aquaculture margins could reduce farmed fish demand for feed, while tight Peruvian fishmeal supply supports fishmeal prices as substitutes get more expensive.
weareaquaculture.comRocio Álvarez JiménezJul 27, 2022Not enough comparable past events yet for a historical read.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
