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Anchovy prices declined in Peru through 2024 as fishmeal output fell 14.6% year-on-year in December after the government reauthorized fishing. Both 2024 Peruvian seasons performed well, with TACs nearly fully used.
A weak La Niña is forecast, which could keep 2025 landings similar to 2024.
Strong Peruvian anchovy supply keeps fishmeal prices under pressure, supporting cheaper protein for feed buyers into 2025.
expanamarkets.comBoris AmpueroDec 30, 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.
