# Feed prices are now falling | Salmon Business

> 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.

- Date: 2021-05-07 · published 2021-05-07T12:00:00.000Z
- Category: macro · region Norway · magnitude low
- Page: https://feedsoft.ai/events/47186-feed-prices-are-now-falling-salmon-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar lowers the cost of imported feed ingredients such as fishmeal, soy and wheat, which eases pressure on aquaculture feed costs.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-08-24 | [The Assay - Why the FED’S actions are bullish for commodity prices](https://feedsoft.ai/events/69364-the-assay-why-the-fed-s-actions-are-bullish-for-commodity-prices.md) | -0.4% | -0.8% |
| DXY | 2020-08-28 | [Gold surges over 2% on waning dollar, Fed policy shift - The Business Times](https://feedsoft.ai/events/51528-gold-surges-over-2-on-waning-dollar-fed-policy-shift-the-business-times.md) | -0.5% | +1.0% |
| DXY | 2017-01-25 | [LDN - Business](https://feedsoft.ai/events/73236-ldn-business.md) | -0.7% | -0.7% |
| DXY | 2020-06-11 | [Fed's gloomy outlook steadies dollar slide, for now - Business & Finance - Business Recorder](https://feedsoft.ai/events/52806-fed-s-gloomy-outlook-steadies-dollar-slide-for-now-business-and-finance.md) | +1.2% | +0.8% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |

## Sources

- salmonbusiness.com: https://www.salmonbusiness.com/feed-prices-are-now-falling/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.