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Executives from Tasa, Diamante and Exalmar said Peru's first anchovy season was challenging and unusual. Landings, yield efficiency and super prime fishmeal output were all affected, and they lowered full-year fishmeal expectations.
Weaker landings and lower yields reduce global fishmeal supply, which tightens the market for feed buyers and supports prices. Lower company expectations signal that the shortfall is expected to persist.
Not 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.