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Peru's production ministry authorized the start of the second 2018 anchovy fishing season in the north-center zone, starting November 15, with a catch limit of 2.1 million metric tons. The quota follows the recommendation of the Peruvian Sea Institute IMARPE, which reported about 7.2 million tons of biomass.
A 2.1 million ton quota keeps fishmeal and fish oil supply ample, which tends to cap fishmeal prices and weigh on soymeal-substitute demand for protein feeds.
undercurrentnews.comJason SmithNov 12, 2018Not enough comparable past events yet for a historical read.
After 206 past neutral policy events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.
