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Peru has extended its anchovy fishing ban with no set end date, according to Undercurrent News. Fishmeal prices rose again following the extension.
An open-ended suspension removes a major source of global fishmeal and fish oil, tightening supply and pushing prices higher for protein feed buyers.
Not enough comparable past events yet for a historical read.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
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.