# Falling fishmeal, oil prices hit Copec's fishing division profit - Undercurrent News

> Chilean conglomerate Copec reported a lower profit for its fishing division. The decline was attributed to falling fishmeal and fuel prices.

- Date: 2017-09-01 · published 2017-09-01T12:00:00.000Z
- Category: market · region Chile · magnitude low
- Page: https://feedsoft.ai/events/69042-falling-fishmeal-oil-prices-hit-copec-s-fishing-division-profit-undercurrent
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Weaker fishmeal prices signal ample supply and lower protein costs for feed buyers. Lower fuel costs also reduce fishing and processing expenses for producers.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2017/09/01/falling-fishmeal-oil-prices-hit-copecs-fishing-division-profit/

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