# Welcome to global CFO

> 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.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/59490-welcome-to-global-cfo
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

A quota below Chinese expectations should firm fishmeal prices, although high port stocks may limit the rise in the near term.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- chinafeedonline.com.hk: https://www.chinafeedonline.com.hk/node/1643

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.