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IFFO argued that there may be genuine market reasons for Peruvian anchovy intended for human consumption being used as fishmeal, while condemning illegal acts. The statement follows the Oceana report on diverted anchovy.
The explanation points to market incentives that could keep diverted anchovy flowing into fishmeal, which may limit any tightening of supply and leave fishmeal prices little changed.
intrafish.comIntraFish MediaFeb 25, 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.
