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Rabobank says easing El Niño conditions are supporting a more positive outlook for fishmeal. Improved ocean conditions are expected to help anchovy catches recover.
Expected recovery in anchovy landings would add fishmeal supply over time, which could ease prices that have been elevated by the El Niño-driven shortfall.
undercurrentnews.comMatilde MereghettiJan 19, 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.
