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Russia plans to expand aquafeed output nearly tenfold to 525,000 tonnes by 2030 to reduce fish farmers' dependence on imports. Pandemic-related quarantine measures and a weaker ruble have raised the cost of imported feed.
Import substitution in Russia could reduce demand for imported aquafeed ingredients over time, though the impact on global feed commodity prices is small at current volumes.
worldfishing.netOPTIMAR ASJul 19, 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.
