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Rabobank analyst Gorjan Nikolik said fishmeal prices are likely to be fairly strong in 2020 after the earlier forecast of soft prices proved wrong. He cited a smaller Peruvian anchovy catch nearer 1 million tonnes, early closures, and depleted Chinese fishmeal inventories.
A revised bullish outlook from a major analyst points to firmer fishmeal prices through 2020, raising feed costs for aquaculture and supporting alternative protein demand. Limited inclusion rates in feeds mean the aquaculture impact should be modest.
thefishsite.comRob FletcherJan 15, 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.
