
Indian shrimp production volumes reportedly increased 3%, but farmers face rising costs for feed ingredients including fishmeal, fish oil and soybean meal. Industry representatives linked the cost pressure partly to El Niño and also cited weather-related increases in Vibrio bacteria affecting farm productivity; export demand was described as relatively stable.
Higher fishmeal and soybean meal costs raise aquaculture production expenses and could reduce shrimp farmers' margins or future supply if they cannot pass costs through. The reported El Niño and disease pressures also threaten production efficiency.
Not enough comparable past events yet for a historical read.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
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.