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Salmon feed producer Mowi reports that wheat is its largest single feed ingredient, making up 17.1% of its salmon feed. Wheat prices hit their highest level since 2014 this summer on supply bottlenecks and post-pandemic demand.
Prices have since begun to weaken.
Easing wheat prices from the summer peak reduce feed cost inflation for aquafeed and other compound feed makers. The trend suggests softer wheat input costs ahead if the correction continues.
salmonbusiness.comAslak BergeSep 6, 2021Not 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.
