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Peru's industrial fleet had landed 49.33% of the first 2018 anchovy quota by May 9, about 1.64 million tons. The quota was set at roughly 3.3 million tons, above last year's 2.8 million tons.
Steady landings from a larger quota point to strong fishmeal and fish oil output, which is bearish for fishmeal prices. Low juvenile counts are a minor counterweight.
andina.peMay 10, 2018Not 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.
