I think salmon margins might tip below $3/kg and prawns sub $6. That’s the problem. They are totally exposed to selling prices in the short term as costs can’t be flexed quickly enough. So if selling prices fall $1 then margins fall $1 (more or less).
Not the end of the world but jarring in the short term and hopefully everyone sees it for the weird times we live in. Not structural.
I think salmon margins might tip below $3/kg and prawns sub $6....
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