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The first Peruvian anchovy season of 2025 has begun with vessels chasing a quota that is the highest since 2018. The larger-than-expected quota caught the fishmeal industry off guard.
A bigger anchovy catch raises fishmeal and fish oil supply, which is typically bearish for prices. The surprise may cause a short-term repricing as the market adjusts.
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.