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South Korean compound feed makers raised aquaculture feed prices 7-8% in April and plan another 7-8% increase from August 1, the first time feed has been raised twice in a year. Manufacturers cite higher international grain, fishmeal and oil prices, a stronger dollar and higher shipping costs.
A second feed price hike signals firm demand for fishmeal, grains and oilseed meals used in Korean feed formulation, although the increase reflects costs already passed through rather than a new supply shock.
picoagriviet.comadminJul 25, 2022Not enough comparable past events yet for a historical read.
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.
