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BioMar CEO Carlos Diaz said the feed company will pursue acquisitions, with a likely target being a shrimp feed business in South America or Asia. He also urged the aquaculture industry to keep investing in alternative feed ingredients after El Niño-driven fishmeal and fish oil shortages ease.
The push toward alternative proteins signals some lasting structural demand reduction for fishmeal once shortages ease, which could cap future price rallies.
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.