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Peru's Production Ministry opened a short second anchovy season in late October after suspending the first season in June over juvenile fish levels above 80%. Industry expects losses, with about US$1.4 billion in fish oil and fishmeal exports missed and GDP reduced by an estimated 0.3-0.4%.
Lost Peruvian anchovy output in 2023 cut global fishmeal and fish oil availability, supporting fishmeal prices and feed protein costs for buyers.
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.