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Industry leaders at Seafood Expo North America discussed moving aquafeeds away from fishmeal toward plant-based and algae ingredients. BioMar said the fish-in, fish-out ratio fell from 1.9 in the 1980s to 1.4.
Growing use of plant and algae ingredients reduces long-term demand for fishmeal and could support demand for soy and other plant proteins. The impact on near-term prices is small.
Not enough comparable past events yet for a historical read.
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.