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The National Fisheries Society estimates Peru's fishing sector grew 49.6% in July 2019 year on year, but cumulative output through July fell over 22%. Lower first-season quotas and weather disruptions were cited as causes, and the first season was delayed by weather.
Lower cumulative fishmeal output year to date supports fishmeal prices, though the strong July rebound and an expected better 2020 season limit the upside.
andina.peAug 28, 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.
