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Nigerian fish farmers say high feed costs, driven by foreign exchange scarcity, are constraining feed imports and pushing up fish prices. More than 95% of fish feed in Nigeria is imported, and fishing output contracted 0.34% in Q3 2016.
Currency-driven feed import constraints reduce regional feed demand for imported ingredients, a localized factor with limited effect on global feed grain or meal prices.
businessday.ngBusinessDayDec 7, 2016Not 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.
