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Rabobank's Animal Protein Outlook 2018 says fishmeal prices will stabilise as supply recovers from low production in 2014 to 2016. It projects 2018 prices of US$1,100 to 1,500 per tonne FOB Peru (64% protein) and says the first and second Peruvian anchovy quotas were below expectations.
Expected prices in the $1,100 to 1,500 range give feed buyers a reference band for 2018 budgeting. Strong Chinese demand and below-expectation quotas keep upside risk alive, but supply recovery limits the historic price trend.
allaboutfeed.netemmy koelemanDec 13, 2017
foodagribusiness.worldEmmy KoelemanDec 13, 2017Not 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.
