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Tridge reports that 69% of fishmeal plants in southern Peru are inoperative due to an anchovy fishing crisis. The report cites losses of 3 million metric tonnes of landings and US$1.886 billion in exports since 2012, driven by juvenile fish, regulatory changes and bans over minimum catch sizes.
Idle fishmeal capacity in southern Peru constrains global supply of this key protein, which tends to support fishmeal prices.
tridge.comVictor LangatMar 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.
