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Avanti Feeds reported a 60% fall in second-quarter profit. Shrimp farming in India contracted by 30% in the period, and fishmeal prices rose about 24%.
Higher fishmeal prices squeezed feed margins and reduced demand as Indian shrimp farming shrank. Fishmeal costs are likely to stay firm while aquaculture demand weakens.
intrafish.comIntraFish MediaDec 7, 2018Not 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.
