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Peru's national statistics institute INEI reported that fishing sector output rose 29.03% in July 2022 versus July 2021. The increase was driven by anchovy catches for fishmeal and fish oil, which reached 438,032 tons, up 121.82%, as the first northern-central season ran until the third week of July and the southern season opened July 1.
Direct human consumption landings fell 14.25%.
A sharp rise in Peruvian anchovy landings adds fishmeal and fish oil supply, which is bearish for fishmeal prices and supportive of substitution demand for soybean meal in feed formulations.
gob.peSep 1, 2022Not enough comparable past events yet for a historical read.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
