# Buoyant fishmeal demand bolsters prices as Peru fulfills anchovy quota

> Fishmeal prices are firming as buoyant demand meets Peru's fulfilment of its anchovy quota. Unfulfilled contracts from earlier demand and a large cut in Chinese pork production are supporting prices. Peruvian plants have enough supply to meet current orders.

- Date: 2020-07-23 · published 2020-07-23T12:00:00.000Z
- Category: market · region Peru · magnitude low
- Page: https://feedsoft.ai/events/52043-buoyant-fishmeal-demand-bolsters-prices-as-peru-fulfills-anchovy-quota
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong Chinese demand for feed protein combined with adequate Peruvian supply points to firm fishmeal prices, which support substitute protein costs for feed buyers.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Sources

- intrafish.com: https://www.intrafish.com/prices/buoyant-fishmeal-demand-bolsters-prices-as-peru-fulfills-anchovy-quota/2-1-846725

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