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Analysts expect Chilean salmon supply to contract 8% to 9% in 2021 after the industry cut smolt numbers in 2020. Global salmon supply is forecast to grow only 0.5% to 2%, while demand is expected to recover.
The outlook also flags a bullish view on shrimp prices and higher demand for fishmeal.
A tighter salmon supply and stronger aquaculture demand support fishmeal and fish oil prices, since salmon farms are major users of those ingredients.
scceu.orgscceuNov 30, 2020Not 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.
