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Peru's Ministry of Production confirmed 1,497,302 tonnes of anchovy landed for indirect human consumption, equal to 60% of the 2.475 million-ton quota. The season began April 16.
The 150,000-ton direct human consumption quota is separate, and the fishery is expected to earn about USD 831 million in export revenue.
Landings at 60% of quota mean a significant share of fishmeal supply is already in the market, which is bearish for fishmeal prices. Remaining landings will continue to add supply through the season.
fiskerforum.comQuentinMay 24, 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.
