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Industry groups warn that Peru faces around $600 million in fishmeal export losses after the anchovy season was cancelled. Illegal, unreported and unregulated (IUU) fishing allegations are circulating in Peru.
The article reports on the dispute surrounding the fishery's shutdown.
Lost Peruvian fishmeal exports reduce global availability of a key protein feed, supporting higher prices. Continued uncertainty over the fishery's reopening keeps the supply outlook tight.
undercurrentnews.comLouis HarkellAug 24, 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.
