00:00Anchovies are the main ingredient in fish meal, which is used to feed like salmon, sea bass, prawns, oysters.
00:08Basically, it's absolutely crucial to the global aquaculture industry, which is effectively farmed fish and seafood.
00:15But according to Javier Blas, who was writing a report in Bloomberg this week, the global production of anchovies has
00:23dropped like up to 40 percent from a year ago.
00:26And that shortage is really pushing up other prices because it's, you know, people that are in the agricultural production.
00:34The price of fish meal is up 80 percent since a year ago to an all time high.
00:40And down the line, that's going to result, unfortunately, in a huge drop in output of farmed fish and seafood.
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