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IFFO technical director Neil Auchterlonie writes that fishmeal supply is finite at about five million tonnes a year, with fish oil just under one million. He argues that growth in aquafeed will need novel ingredients rather than more fishmeal, while fishmeal and fish oil remain the foundation of feeds.
A fixed fishmeal supply against rising aquafeed demand supports the case for firm fishmeal prices over the long run, and pushes feed formulators toward substitute proteins. This is an opinion piece rather than a new market event.
theaquaculturists.blogspot.comPeter ParkerNov 14, 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.
