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A FAO report says Norwegian mackerel landings weakened in 2018 and are expected to fall further in 2019, lifting first-hand prices, which had already risen over 35 percent after poor autumn weather. Herring and anchovy catches are expected to be good in 2019, and Norwegian herring prices for fishmeal and fish oil rose about 50 percent.
Stronger herring and anchovy catches add reduction-fishery supply to fishmeal, while weaker mackerel landings tighten other pelagic supply, so the net effect on fishmeal prices is mixed.
fao.orgNov 4, 2019Not 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.
