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Undercurrent News reports that Peru's fishmeal sector allegedly knew that official anchovy biomass figures were not accurate. The allegation centres on overstated stock estimates that underpinned fishing quotas.
If biomass and quotas were inflated, future Peruvian anchovy catches and fishmeal output could be cut back once the figures are corrected, tightening global fishmeal supply and supporting prices.
undercurrentnews.comFeb 4, 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.
