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South American feed producer Vitapro is sourcing fishmeal from Mexico and Chile to offset the shortfall from Peru's cancelled anchovy season. Vitapro calls the situation critical and very uncertain.
Feed makers shifting to Mexican and Chilean fishmeal increases competition for alternative supplies and supports higher fishmeal prices.
Not 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.