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Danish aquafeed producer BioMar posted record third-quarter results, with EBIT rising to DKK 618 million and revenue up 19%. It raised its full-year EBIT and revenue guidance but cut expected feed volumes.
The CEO attributed rising marine ingredient prices mainly to El Niño and warned that current profitability may not last.
Rising marine ingredient prices linked to El Niño raise feed costs for aquaculture and point to tighter fishmeal supply.
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