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Peru's Production Minister said the second anchovy season of 2019 has the highest catch quota in history, at 2.786 million tons. Typical second-season quotas have ranged from about 1.8 to 2.1 million tons, and the season opens November 16.
A quota well above the usual range means substantially more fishmeal and fish oil supply from Peru, which is bearish for fishmeal prices.
andina.peNov 15, 2019Not 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.
