# Iceland's SVN closes fishmeal plant as capelin landings dive - Undercurrent News

> 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.

- Date: 2019-02-08 · published 2019-02-08T12:00:00.000Z
- Category: policy · region Iceland · magnitude low
- Page: https://feedsoft.ai/events/60685-iceland-s-svn-closes-fishmeal-plant-as-capelin-landings-dive-undercurrent-news
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2019/02/08/icelands-svn-closes-fishmeal-plant-as-capelin-landings-dive/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.