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Cargill, BASF and California-based Calysta are developing alternatives to wild fish in fish feed, including synthetic protein and oil made from genetically modified crops. Calysta has raised funds from investors including Cargill to build its first commercial FeedKind plant.
Commercial fishmeal substitutes could gradually reduce fishmeal demand, a long-term bearish factor for fishmeal prices, though the effect is not immediate.
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.