# Earnings soar at Austevoll's Peruvian fishmeal subsidiary, thanks to strong anchovy season

> Austevoll's Peruvian fishmeal subsidiary reported a sharp rise in earnings, driven by higher anchovy catches and sales in the second quarter. Its Chilean Foodcorp arm also saw higher horse mackerel catches, though its earnings dipped.

- Date: 2021-08-20 · published 2021-08-20T12:00:00.000Z
- Category: market · region Peru · magnitude low
- Page: https://feedsoft.ai/events/45491-earnings-soar-at-austevoll-s-peruvian-fishmeal-subsidiary-thanks-to-strong
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Strong anchovy landings point to ample fishmeal supply from a major producer, which is mildly bearish for fishmeal prices. The effect is limited because this is one company's results.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- intrafish.com: https://www.intrafish.com/pelagics/earnings-soar-at-austevolls-peruvian-fishmeal-subsidiary-thanks-to-strong-anchovy-season/2-1-1055279

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.