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BioMar CEO Carlos Diaz said the doubling of Peru's anchovy quota is good news for the Peruvian industry, provided the full quota can be caught. He noted that catch depends on the yield of production and the level of juvenile anchovies in the fishery.
The article reports industry optimism following the April 11 quota announcement.
Feed producers are reading the larger quota as a likely increase in fishmeal supply, but actual landings depend on juvenile stock levels. Until catches are confirmed, fishmeal price relief remains uncertain.
intrafish.comHanna Gezelius, John EvansApr 11, 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.
