World: Normalized fishmeal supply brings some optimism to farmed salmon and shrimp sectors

Published 2024년 7월 18일

Tridge summary

Rabobank's global aquaculture update for the second half of 2024 anticipates a decrease in costs for salmon and shrimp farmers, particularly in Ecuador and Asia, due to the expected normalization of fishmeal and fish oil supply. This normalization is attributed to the positive impact of La Niña weather patterns on the Peruvian anchoveta fishing season, which is projected to recover and contribute to the recovery of the fishmeal market. Despite these positive trends, the report highlights that biological issues continue to pose challenges for farmers and notes that fishmeal remains more expensive than soybean meal, indicating ongoing affordability concerns.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Global salmon and shrimp farmers continue to face several challenges, but a normalization in worldwide fishmeal and fish oil supply is likely to ease some of their costs, according to the latest industry report from Utrecht, Netherlands-based financial services company Rabobank.Compiled by Rabobank Senior Global Seafood Specialist Gorjan Nikolik, the “Global Aquaculture Update 2H 2024” report, subtitled “A silver lining emerges as demand improves and costs normalize,” said that while biological issues continue to persist for many farmers, feed costs should start to come down in line with recovering fishmeal supply.“This will mostly be evident in shrimp and probably first in Ecuador, where cost prices are passed on fast, and later in Asia, where commodity costs take a bit longer to pass through by the feed industry,” Nikolik said.Rabobank expects there to be a much more consistent supply of fishmeal in the closing six months of 2024. La Niña weather patterns are bringing cooler ...

Source: Seafoodsource