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Peru's Congress has proposed raising the anchovy catch quota set for human consumption by 10%. The proposal would shift some anchovy volume away from fishmeal production.
Less anchovy going to fishmeal tightens global fishmeal supply, which supports fishmeal prices and raises feed costs for aquaculture and livestock buyers. Diverting catch to human consumption is a bullish signal for fishmeal.
undercurrentnews.comAug 9, 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.
