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COVID-19 is hitting Latin American fishing, with lower consumption, closed food service, and export disruption. In Peru, fishmeal and fish oil plants were due to start maintenance before the anchovy season, and processing is running below 40% of capacity.
Reduced Peruvian processing capacity tightens fishmeal supply, supporting fishmeal prices for feed buyers.
mag.hookandnet.comEduardo Campos LimaApr 9, 2020Not 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.
