Salmon Meal and Salmon Oil : Market report 25 August 2015

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Posted on August 26, 2015
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Shanghai Composite Index 1Y

Economic volatility. Petroleum weaker, influencing veg oil markets. Large currency fluctuations with the EUR 4% stronger vs USD over the week. Uncertainty in the Chinese stock market. The Shanghai composite index rose 130 % from Sept 2014 to June 2015. After the recent drop of 42 %, it is still 35 % higher than a year ago. Peru is out of fishing season, and the speculation is how the higher sea temperatures (El Nino effect?) may influence the fishing quotas at the end of the year. Peruvian fish meal price up by 5 % over the week.
Good warm weather in the major salmon producing regions of Norway last week. This is positive for the growth of salmon. But, slaughtering still low.

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