
Russian aquafeed production has grown fivefold over the past five years, reaching 115,000 tonnes in 2025. It could rise to 160,000–170,000 tonnes in 2026, but expanding processing capacity has not resolved raw-material constraints: global fishmeal supply remains limited, some domestic protein ingredients are becoming more expensive, and feed vitamins remain highly import-dependent.
Limited fishmeal availability and reliance on imported vitamins can raise aquafeed formulation costs even as domestic production expands. This creates upward price pressure for fishmeal and aquafeed inputs, while cheaper plant proteins may partly offset it.
Not enough comparable past events yet for a historical read.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
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.