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Peru set its second-season 2024 anchovy quota at 2.5 million tons, a 49% increase year on year, which IFFO estimates could add 500,000 tons of fishmeal to the market. Russian fishmeal output has also grown about 50% since 2017 and is projected to rise further by 2030.
Added fishmeal supply from Peru and Russia is likely to ease fishmeal prices, which a Rabobank report expects to correct moderately in the first half of 2025.
insights.tridge.comFeb 21, 2025Not enough comparable past events yet for a historical read.
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.
