Benchmark's unpredictable market

Fish farming - or aquaculture - is a tricky market to navigate: the number of species of fish stretches into the thousands and their habitat is unpredictable. In the last six months these challenges have been exacerbated by bad weather and disease, which have created a difficult environment for Benchmark (BMK), a global aquaculture feed, health and genetics specialist. Low demand for the group's sea lice product sent revenue in the animal health division down 41 per cent to £7.2m, while the newly acquired animal nutrition business had a slower start to the year than expected.

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