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Peru's Ministry of Production closed the second anchovy season on January 13, 2024, after landing about 75% of the 1,682,000 ton quota. The quota had been set low because El Niño had an unfavourable impact on the anchovy fishery.
El Niño-driven low quotas and unfilled catches keep fishmeal supply constrained, which supports fishmeal prices for feed buyers.
weareaquaculture.comLouisa GairnJan 15, 2024Not enough comparable past events yet for a historical read.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
