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Peru's PRODUCE closed the second 2024 anchovy season on January 23 after landing over 95% of the 2.51 million mt TAC, the best performance since 2020. The closure was made to protect the spawning stock as reproductive activity increased.
Remaining quota is largely unfished, tightening near-term Peruvian fishmeal supply and supporting marine protein prices for feed buyers.
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.