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A Global Miller blog summarises a RaboResearch report on the recovery of Peruvian fishmeal supply and the rise of alternative meals and oils. It says prices have stabilised at a lower level after one good season, with another expected.
It also notes that new alternative producers may erode prices over the medium term.
Stable Peruvian supply and emerging alternatives point to lower fishmeal prices for feed buyers over the next few years. Pricing power for fishmeal is likely to stay limited.
gfmt.blogspot.comMay 12, 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.
