As global soybean prices plummet, fishmeal prices may follow

According to the latest agricultural commodity research from Rabobank, global soybean prices will fall sharply in the next 12 months, which will also affect aquafeed prices. Utrecht, the Netherlands - At the recent Global Shrimp Forum, Carlos Meira, Director of Agricultural Commodities Research at Rabobank, Mera noted that with record harvests in the three major soybean producers, the United States, Brazil and Argentina, soybean prices could fall sharply. This will directly affect the prices of aquatic feeds such as soybean meal and fish meal. "We have observed that soybean stocks in major exporting countries have increased for five consecutive years, and this year's increase is particularly significant," Mera said, adding that the United States has planted a record high soybean area this year and good weather conditions have made it possible to break the record. The United States has passed the critical weather risk period for corn and soybean growth, which indicates a good ...