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Peru's first anchovy season in the North-Central zone ended in June with more than 98% of the quota caught, according to IFFO. The result has raised hopes for lower fishmeal and fish oil prices.
The article notes the season's high catch as the main factor.
A nearly complete quota catch adds supply to the fishmeal market and supports expectations of lower prices. The effect depends on how much of the catch reaches the market.
blueeconomyinsights.comAug 13, 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.
