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Oceana's profits fell 40 percent, which the company attributes to a difficult fishmeal and fish oil market. The report gives no specific new price event.
It reflects weak margins in the sector.
Weak fishmeal and fish oil prices reduce the economics of fishmeal producers and signal soft demand for the protein. This is a sign of ongoing pressure rather than a new supply shock.
undercurrentnews.comNeil RamsdenNov 17, 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.
