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Iceland reopened a limited capelin quota for 2021 after a year-long ban, while Norway has no quota. Capelin prices have reached record highs on strong demand.
Limited capelin supply and strong demand lift prices for fishmeal and feed-grade fish inputs, a bullish signal for fishmeal.
Not 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.