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Peru's first 2024 anchovy season began April 16 with a 2.475 million ton quota, a rebound from low 2023 quotas. Low quotas last year, largely caused by El Niño, pushed up omega-3 oil costs, with Peruvian refined fish oil export unit values rising from about $5.83 to $11.12 per kg across 2023.
IFFO data showed February 2024 fish oil output down 13% year on year.
A larger anchovy quota should bring more fishmeal and fish oil into the market, easing the supply tightness that drove prices up. Feed buyers should expect fishmeal costs to come under pressure if catches match the quota.
nutraingredients.comNikki HancocksApr 17, 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.
