Loading…
Peru's second anchovy season had passed 1 million tonnes by November 28, about 40% of the 2.51 million-tonne quota. Port closures from weather slowed fishing, but progress was still good.
The quota is 49% above the same period in 2023, and the season is due to end in January.
A strong catch increases fishmeal supply, which is bearish for fishmeal prices. Weather-related port closures are a short-term constraint that has not yet cut the overall catch.
tridge.comVictor LangatDec 2, 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.
