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Peru's PRODUCE authorised the start of the north-central anchovy season on 28 November with a total allowable catch of up to 2.28 million metric tons. The first season reached 84% of its quota, and Peru's fishmeal and fish oil export earnings are expected to exceed $2 billion this year.
The 2.28 million ton quota expands raw material for fishmeal and fish oil output, which is bearish for fishmeal prices, although the first season's undershoot tempers the supply effect.
seafoodsource.comSeafoodSourceDec 1, 2022Not 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.
