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BioMar averages FIFO ratio below one for first time in its history

Danish feed company announced a below one fish-in:fish-out ratio for its raw material usage, thanks to R&D and high prices of fishmeal and oil

By Undercurrent News | June 30, 2017 09:32 BST
Rakitsky; Hans Halle-Knutzen, sales and marketing director for BioMar Norway; Gundersen
Walter Rakitsky, then of TerraVia; Hans Halle-Knutzen and Vidar Gundersen of BioMar, in 2016
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Advances in innovative technology by BioMar Group -- and a high-priced fish oil and fishmeal market -- enabled the firm to average a below one FIFO ratio (fish-in:fish-out) for its raw material usage in 2016, for the first time in its history [...]

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