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Peru's first half of the second anchovy season saw 1.37 million tonnes caught, 54.6% of the annual quota. The season may close early because the juvenile catch is approaching the 151,000-tonne limit.
About 450,000 tonnes of fishmeal for the next season has already been pre-sold.
A larger-than-expected Peruvian catch adds fishmeal supply, which is bearish for fishmeal prices. An early closure to protect juveniles would tighten supply and could support prices.
tridge.comVictor LangatDec 19, 2024Not 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.
