In effect, the price has doubled over the last 12 months, and multiplied more than six times over during the last 10 years.
“The main explanation is diminishing supply and increasing demand from agriculture and fish farming that both use meal for feed manufacture,” said First Securities analyst Aslak Berge.
In 2009, China and Taiwan purchased as much as 52 percent of all fishmeal that was available on a global basis.
The new Chinese middle class is keen to eat more meat, and fishmeal is used in pig feed.
Subsequently,
