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Peru has cut its pivotal first-season anchovy quota sharply while juvenile fish make up a high share of the catch. Industry had feared the season might not take place at all.
The reduced anchovy quota threatens a key fishmeal supply source for aquafeed, supporting fishmeal prices and demand for soymeal substitutes.
intrafish.comJohn EvansJun 2, 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.
