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Peru's cancellation of its first anchovy season has pushed up fishmeal prices in China. The decision followed juvenile-heavy catches during exploratory fishing.
Removing hundreds of thousands of tonnes of fishmeal and oil from supply lifts global marine protein prices and feed input costs.
undercurrentnews.comLouis HarkellJun 19, 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.
