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Industry groups claim Peru's government delayed the anchovy quota to push through a new fishing tax. Peru exported $1.58 billion of fishmeal in 2018, up from $1.48 billion in 2017.
The article is a short excerpt with limited detail on the tax itself.
Changes to fishing taxes or quota timing could alter the pace and cost of Peruvian fishmeal output. Uncertainty over the tax may add modest upward pressure on fishmeal prices.
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.