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Iceland's SVN has closed its fishmeal plant after capelin landings dropped sharply. The company cites a falling capelin quota, uncertainty over the fishing season, and rising costs.
Lower Icelandic fishmeal output removes a small but relevant source of supply, supporting firmer fishmeal prices. The closure follows a broader decline in raw material for Icelandic fishmeal production.
undercurrentnews.comNeil RamsdenFeb 8, 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.
