
IntraFish has started a five-part series on reducing fishmeal use in aquaculture feed and identifying economically viable alternatives. It notes that global fishmeal output is about 5 million tonnes and fish oil about 1 million tonnes, both relatively stable.
Rising raw material prices are raising costs for feed producers and fish farmers.
Persistently high fishmeal prices are pushing feed makers to substitute cheaper ingredients, which could cap long-run demand growth for fishmeal even as supply stays flat.
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.