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Peruvian fishmeal prices have stabilized after warmer ocean waters raised concerns about anchovy supply. The article frames the recent supply scare as having eased.
Warmer water reduces anchoveta catches, which tightens fishmeal supply and lifts prices for feed buyers. Stabilization suggests the recent price pressure may be fading.
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.