PRODUCE set 22 April as the launch date for Peru's first 2025 north-central anchovy season, with a 3 million metric ton TAC. The quota is the second-highest seasonal total in the last decade, and officials cite a healthy biomass of about 11 million tonnes under neutral environmental conditions.
Peru landed over 4.6 million tonnes in 2024 across two seasons, and its anchovy supplies about 20% of global fishmeal.
With Peru supplying roughly a fifth of global fishmeal, a large quota and healthy biomass point to ample fishmeal supply and downward pressure on prices.
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.