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The Philippine Department of Agriculture described a joint SEAFDEC and NFRDI project to develop a low-cost milkfish and tilapia feed using corn and poultry by-products and copra meal in place of fishmeal. Field tests showed growth comparable to commercial feed.
Substituting local by-products for imported fishmeal could lower Philippine demand for imported protein, a modest bearish factor for fishmeal prices.
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.