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Peru has opened the first anchovy season of 2021 in its southern zone, allowing industrial fishing to begin. The season start brings new fishmeal and fish oil supply into the market.
Southern zone catches feed directly into Peru's early-year fishmeal output.
Peruvian anchovy is the main source of global fishmeal, so an early season start adds supply and typically pressures fishmeal prices lower. Aquafeed buyers may see softer marine ingredient costs if landings are strong.
undercurrentnews.comMar 5, 2021Not 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.
