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According to the U.
S.
Department of Agriculture, Ukraine accounts for 12% of global wheat exports and 16% of global corn exports
.
U.
S.
wheat prices have risen 6 percent since the war broke out as Ukrainian ports closed, Hart said
.
S.
Department of Agriculture, Ukraine accounts for 12% of global wheat exports and 16% of global corn exports
.
U.
S.
wheat prices have risen 6 percent since the war broke out as Ukrainian ports closed, Hart said
.
Wheat and corn are both raw materials for aquafeeds .
Although they are not as important as fishmeal and fish oil, if they are high-end mass-produced aquafeeds, they account for about 5-10% of the feed ingredients
.
Although they are not as important as fishmeal and fish oil, if they are high-end mass-produced aquafeeds, they account for about 5-10% of the feed ingredients
.
Even before the Russian-Ukrainian war, Hart said, feed manufacturers had repeatedly raised their prices in response to rising costs, such as corn gluten rising from $600 a ton to more than $850 a ton
.
The Ukraine crisis could also have knock-on effects, affecting the prices of other raw materials, such as animal by-products and soybeans
.
.
The Ukraine crisis could also have knock-on effects, affecting the prices of other raw materials, such as animal by-products and soybeans
.
"If a feed mill uses a lot of by-product-backed protein meal, and the producer sees feed prices go up, that's going to end up adjusting animal protein prices
," Hart said
.
," Hart said
.
Volatility in the feed ingredient market may accelerate the commercialization of some new ingredient alternatives, such as algae, which now seem less novel due to the rapid development of alternative protein research technology
.
.
"Some well-known feed companies, such as BioMar and Skrettings, will do research in the field of alternative proteins in advance, and adjust the formula to introduce new costs to help alleviate the problem of price volatility
.
" Despite the increase in feed prices, Hart believes that aquaculture producers still There are ample profit margins, mainly because the current global demand for aquatic products is high
.
.
" Despite the increase in feed prices, Hart believes that aquaculture producers still There are ample profit margins, mainly because the current global demand for aquatic products is high
.
