# Oceana profits drop 40% on tough fishmeal, oil picture - Undercurrent News

> 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.

- Date: 2017-11-17 · published 2017-11-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/68071-oceana-profits-drop-40-on-tough-fishmeal-oil-picture-undercurrent-news
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2017/11/17/oceana-profits-drop-40-on-tough-fishmeal-oil-picture/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.