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Nigerian fish producers report that fishmeal and fish oil prices have risen sharply, with one kilo of fishmeal up from N120 in September to N320. Producers and feed companies have cut fish oil use and are shifting to soy and sunflower proteins, while the livestock sector recovers from COVID-19.
Tight global fishmeal supply and strong demand from aquafeed buyers keep prices high, pushing feed makers toward plant-protein substitutes such as soymeal.
thenationonlineng.netThe NationApr 5, 2021Not enough comparable past events yet for a historical read.
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.
