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InSight Crime reports that illegal vessels off Ecuador are increasingly catching small species such as anchovies and sardines to supply fishmeal demand. Authorities issued at least 44 alerts of unauthorized fishing in a protected reserve between late 2020 and early 2022, and a study estimated 150,000 tons of Peruvian anchoveta were diverted in 2019.
Illegal catch adds uncertain volume to global fishmeal supply and may face enforcement, but the effect on prices is marginal compared with legal quota decisions.
insightcrime.orgGabrielle GorderNov 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.
