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Cargill's aqua nutrition unit, led by Helene Ziv-Douki, says it sees potential to rapidly scale its partnership with French insect-protein firm Innovafeed. The company expects insect meal prices to approach fishmeal prices in the coming years.
If insect meal closes the price gap with fishmeal, it could gradually cap fishmeal pricing power in aquafeed and limit demand for fishmeal over time. The near-term price effect is limited.
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.