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European feed companies are waiting for Peru's second anchovy season of 2024 before judging fishmeal and fish oil price direction. BioMar's CEO said the season will show whether Peru's fish size and oil yields have returned to normal.
Peruvian anchovy supplies set global fishmeal availability, so the second season's catch and yields will determine whether current stable prices hold or move. Buyers should expect caution until those results are known.
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.