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The average price of fish feed reached a record of about €1.32 per kilo in the fourth quarter of 2021, according to BioMar's quarterly report. Raw material costs rose further in early 2022 after the war in Ukraine disrupted Black Sea grain and vegetable oil shipments.
Disruption to Black Sea wheat and vegetable oil supply lifts feed raw material costs, and little relief is expected soon.
salmonbusiness.comAslak BergeMar 10, 2022After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
After 110 past bullish geopolitics events, Soybean Oil moved a median +1.8% over 5 sessions (65% higher; middle half -0.7% to +3.6%), and -0.4% 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.
