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Austevoll Seafood reported higher first-half 2017 operating profit, with EBITDA rising to NOK 2.9 billion from NOK 1.9 billion. The company credits the end of El Niño and normalised Peruvian ocean temperatures for better anchovy catches, which make fishmeal and fish oil cheaper.
The end of El Niño and a rebound in Peruvian anchovy supply increase fishmeal and fish oil availability, which is bearish for these protein prices used in aquafeed.
fishfarmingexpert.comPål Mugaas JensenAug 25, 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.
