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A USDA Global Agricultural Information Network report projects Peru's fishmeal production for marketing year 2019-2020 at 890,000 MT, down 25 percent from the prior year. Warmer El Niño waters are expected to push anchovy deeper and farther south, reducing the catch, while Peru's anchovy catch is forecast to rebound to five million tonnes once waters cool.
Peru is the world's largest fishmeal producer, so a sharp output drop tightens global fishmeal supply and typically supports prices for feed buyers, with fishmeal exports still estimated at 1.15 MMT.
aquafeed.comAquafeed Media SLUMar 14, 2019Not enough comparable past events yet for a historical read.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% over 20.
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.
