# Peruvian fishmeal prices soften amid high anchovy quota - Undercurrent News

> Peruvian fishmeal prices softened in mid-May 2018 as the first anchovy fishing season quota was set high. Buyers were reportedly holding back amid ample expected supply.

- Date: 2018-05-17 · published 2018-05-17T12:00:00.000Z
- Category: market · region Peru · magnitude low
- Page: https://feedsoft.ai/events/64926-peruvian-fishmeal-prices-soften-amid-high-anchovy-quota-undercurrent-news
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A large anchovy quota raises expected fishmeal output, which weighs on fishmeal prices and can ease substitute protein costs for feed buyers.

## Read by commodity

- SBM: bearish ▼
- FISHMEAL: bearish ▼

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2018/05/17/peruvian-fishmeal-prices-soften-amid-high-anchovy-quota/

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