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The IFFO RS standard currently covers about 40% of the marine raw material ingredients supply. The industry hopes a revised version will raise coverage above 50%, though it does not expect coverage to go beyond that level.
Broader certified sourcing can improve buyer access to sustainable fishmeal and fish oil, but the limited coverage means the effect on fishmeal prices is modest.
Not 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.