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Peru's government authorized a 1.09 million metric ton first anchovy quota on June 2, a 60% cut from the 2.792 million tons set for 2022's first season. The cut followed warning signs that the season was under threat, and the season was subsequently cancelled.
A sharp cut in the Peruvian anchovy quota removes significant fishmeal supply, supporting higher fishmeal and protein meal prices.
aquaterraomega3.comKatrina BenedictoJul 6, 2023Not enough comparable past events yet for a historical read.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
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.
