Several Norwegian salmon producers are replacing part of the fishmeal and fish oil in their feed with processed poultry meal and oil. The shift follows pressure on marine ingredient supplies, including disruption to Peru's anchovy fishery.
Poultry meal is reported to cost less than half as much per tonne as fishmeal.
Substitution of cheaper poultry meal for fishmeal reduces fishmeal demand from salmon farms, which partly offsets tight supply. It also shows how high fishmeal prices are pushing feed formulators toward alternative proteins.
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.