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Peru's first 2024 anchovy season started April 16 with a 2.475 million tonne quota in the north-central zone. By early June, about 92% of the quota had been landed, and the fishery has recovered after last year's cancelled season.
Peru supplies roughly one-fifth of global fishmeal, so a near-complete quota catch with healthier stocks points to ample fishmeal supply and bearish pressure on meal prices. Soybean meal and other protein substitutes may also face softer demand from feed buyers.
maritimesouth.comPaulo AzevedoJun 3, 2024Not enough comparable past events yet for a historical read.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
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.
