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Peru's second anchovy season in the North-Centre closed on January 13, 2024, with about 75% of the quota of 1.5 million tonnes landed, according to IFFO. Global fishmeal and fish oil output declined in the first 11 months of 2023, mainly due to El Niño and Peru's cancelled first season.
Lower fish oil and fishmeal output supports prices for marine ingredients used in aquafeed, which can lift demand for vegetable protein substitutes.
thefishsite.comJan 12, 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.
