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Peru is reportedly catching about 150,000 tonnes of anchovy to produce fishmeal that is described as illegal. The catch is outside regulated channels and adds unregulated supply to the market.
Additional anchovy-based fishmeal output adds supply that could weigh on prices, although the legal status creates uncertainty about how much reaches the market. Regulatory action against the output could reduce supply and reverse the effect.
undercurrentnews.comFeb 13, 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.
