Salmon Meal and Salmon Oil – Market Report 4 MAY 2016

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Posted on June 28, 2016
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Rumors from Peru that the quota for spring fishing will be reduced. New exploratory fishing in about 2 weeks. Soy beans and meal going higher on weather, funds, and a potential imbalance in future supply /demand. USD weaker vs EUR, with some variations during the week. Marketwise we see customer covering forward positions. New update in the EU Ethoxyquin discussion. EU may open for an 18 Months transition period, increasing the documentation on the substance prior to a decision to permit or not permit. In the meantime we see increased interest on the buyers side to buy products without Ethoxyquin.

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