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BioMar raised its full-year earnings outlook after changing feed recipes to offset higher marine ingredient costs. Its shrimp feed business struggled with record-low farm-gate prices in Ecuador.
Rising marine ingredient costs point to tight fishmeal and fish oil supply, which keeps feed costs elevated for aquaculture buyers. Recipe substitution is a partial offset that limits how much of that cost is passed on.
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.