# El Niño's end nets profits for Austevoll

> 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.

- Date: 2017-08-25 · published 2017-08-25T12:00:00.000Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/69348-el-nino-s-end-nets-profits-for-austevoll
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- fishfarmingexpert.com: https://www.fishfarmingexpert.com/feed-results/el-nios-end-nets-profits-for-austevoll/1227410

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