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Peru has set the north-center anchovy total allowable catch (TAC) at 3.3 million metric tons. The quota determines how much anchovy can be landed for fishmeal and fish oil production.
A 3.3 million ton TAC signals substantial fishmeal supply from Peru, the world's largest exporter, which tends to weigh on fishmeal prices.
undercurrentnews.comJason SmithApr 6, 2018Not enough comparable past events yet for a historical read.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% 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.
