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Nordea analyst Neil Ramsden says high fishmeal prices are pushing herring processors toward filleting rather than meal production. The analysis links the herring outlet choice to the current fishmeal price level.
Strong fishmeal prices make fish meal a more attractive use of raw fish, but here the opposite is true for herring, which shifts toward fillets. Fishmeal feed buyers should expect firm prices to persist while processors favor higher-value outlets.
undercurrentnews.comNeil RamsdenFeb 6, 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.
