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Peru's ministry of production cancelled the first north-central anchovy fishing season after exploratory fishing found mostly small fish with many juveniles. IFFO called the decision wise to allow anchovy to reproduce.
Cancelling the season removes a key source of fishmeal and fish oil for the year, supporting higher prices for marine ingredients in feed.
agnavigator.comJane ByrneJun 12, 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.
