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Peru's PRODUCE set the north-central anchovy quota for the second 2022 season at 2.283 million tons, 11.5% above the 2021 quota of 2.047 million tons. IFFO reported cumulative fishmeal output for the first nine months of 2022 was flat year on year, while fish oil was up 4%.
The higher quota increases the Peruvian anchovy catch available for fishmeal, which is bearish for fishmeal prices, though stable 2022 output limits the impact.
Not enough comparable past events yet for a historical read.
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