Loading…
Rabobank analyst Gorjan Nikolik argued that alternative protein producers such as insect and bacterial protein makers will grow in aquafeed despite struggling to match fishmeal and soy on bulk volume. He noted fishmeal prices are about $300 per tonne lower than before and soybean meal is near a price trough.
He said Peru's anchoveta landings are unlikely to rise because of catch limits.
Lower fishmeal and soybean meal prices make feed costs cheaper for now, but Rabobank expects these key proteins to recover as Peruvian supply is capped. Buyers should expect firmer protein prices over time.
thefishsite.comRob FletcherApr 8, 2019Not 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.
