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Peru's first north-central anchovy season quota was cut to 2.1 million tons from 3.3 million last year because of El Niño warming. Chinese market commentary says the quota is below expectations, and inventories at Chinese ports are high.
A quota below Chinese expectations should firm fishmeal prices, although high port stocks may limit the rise in the near term.
chinafeedonline.com.hkApr 29, 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.
