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Norwegian fishermen had a strong 2018 landing pelagic fish destined for fishmeal production. The larger catch added supply to the fishmeal market.
A bigger Norwegian pelagic catch increases fishmeal supply, which tends to weigh on fishmeal prices and eases feed costs for buyers.
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.