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Salmon feed prices are falling as the Norwegian krone strengthened against the US dollar, which traded at 8.29 kroner in early May 2021. BioMar reported that its fish feed price fell in the first quarter, the sixth straight quarterly decline.
A weaker dollar lowers the cost of imported feed ingredients such as fishmeal, soy and wheat, which eases pressure on aquaculture feed costs.
salmonbusiness.comEditorial TeamMay 7, 2021After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
