A report says Peru's production ministry authorized a second anchovy season with a 1.9 million ton quota, a cautious figure amid warming Pacific waters. The article says fishmeal prices hit a 14-month high and that the September survey found biomass at 7.8 million tons, down from 10.4 million a year earlier.
This conflicts with other October reports that the second season was cancelled.
If a limited season does open, some fishmeal supply returns, which would cap the recent price rally. The conflicting reports leave the supply outlook uncertain for protein buyers.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.