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Peru's second anchovy season quota was set at 2.51 million tonnes, which sent shockwaves through the Chinese market. The quota is ample relative to expectations.
A large Peruvian anchovy catch expands fishmeal and fish oil supply, which tends to push marine ingredient prices lower 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.