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Peru's Ministry of Production cancelled the first of two 2023 anchovy seasons because juvenile fish made up a large share of biomass. A later 10-day exploratory fishing period in August produced only a small catch.
Peru produced about 90,500 metric tons of anchovy fish oil in 2022, and a government commission expects El Niño effects to persist until March 2024.
Continued El Niño warming and weak anchovy stocks point to constrained fishmeal and fish oil supply into 2024, supporting marine protein prices. Buyers of fishmeal-based feed should expect firm pricing.
nutraceuticalsworld.comMike MontemaranoSep 29, 2023Not 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.
