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The early closure of Peru's second anchovy season in north-central waters is expected to have little effect on fishmeal and fish oil prices. The industry is looking for a rebound in 2024 after a very difficult 2023.
Limited expected price impact means fishmeal supply is roughly steady, so buyers should not anticipate a major price move from the season closure alone.
Not 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.