# Global marine ingredient market clouded by uncertainty over Peru anchovy season delay - Undercurrent News

> Undercurrent News reports that the global marine ingredient market is uncertain because Peru's anchovy season has been delayed. Buyers are waiting to see when fishing will start and how much fishmeal Peru will produce.

- Date: 2023-05-22 · published 2023-05-22T12:00:00.000Z
- Category: policy · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/36044-global-marine-ingredient-market-clouded-by-uncertainty-over-peru-anchovy-season
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A later Peruvian season delays a major source of fishmeal supply, which supports fishmeal prices and may push feed buyers toward soybean meal as a substitute.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-01-25 | [Peru orders anchovy season closure - Undercurrent News](https://feedsoft.ai/events/66915-peru-orders-anchovy-season-closure-undercurrent-news.md) | -1.2% | +10.2% |
| SBM | 2023-06-19 | [Peru's canceled anchovy season puts boosters on fishmeal prices in China - Undercurrent News](https://feedsoft.ai/events/35569-peru-s-canceled-anchovy-season-puts-boosters-on-fishmeal-prices-in-china.md) | -0.5% | +4.9% |
| SBM | 2019-06-28 | [Peru bans anchovy fishing for 10 days, drawing season to likely close - Undercurrent News](https://feedsoft.ai/events/58492-peru-bans-anchovy-fishing-for-10-days-drawing-season-to-likely-close.md) | -2.7% | -2.9% |
| SBM | 2023-07-21 | [Market awaits news on first anchovy fishing season in Peru](https://feedsoft.ai/events/34935-market-awaits-news-on-first-anchovy-fishing-season-in-peru.md) | +4.5% | -7.2% |
| SBM | 2023-11-27 | [Juvenile anchovy concerns prompt plea for suspension of Peru's second fishing season - Undercurrent News](https://feedsoft.ai/events/33073-juvenile-anchovy-concerns-prompt-plea-for-suspension-of-peru-s-second-fishing.md) | -5.8% | -11.3% |

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2023/05/22/global-marine-ingredient-market-clouded-by-uncertainty-over-peru-anchovy-season-delay/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.