# Biomar hits FIFO under 1 for 2016 raw material use | Intrafish

> Feed company Biomar reported its raw material use for 2016 fell below a feed-in-fish-oil ratio of 1 for the first time. The company attributed this to new technology and high prices for fishmeal and fish oil.

- Date: 2017-07-03 · published 2017-07-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70048-biomar-hits-fifo-under-1-for-2016-raw-material-use-intrafish
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Feed makers substituting away from fishmeal and oil when prices are high reduces demand for those inputs and supports plant protein alternatives.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bearish ▼

## Sources

- intrafish.com: https://www.intrafish.com/aquaculture/biomar-hits-fifo-under-1-for-2016-raw-material-use/2-1-115556

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