# Peru fishmeal forward contracts soar as Asian buyers get head start - Undercurrent News

> Peruvian fishmeal forward contracts rose sharply as Asian buyers moved early to secure supply. The rush to buy forward reflects demand for supply ahead of the anchovy season.

- Date: 2018-04-03 · published 2018-04-03T12:00:00.000Z
- Category: trade · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/65422-peru-fishmeal-forward-contracts-soar-as-asian-buyers-get-head-start
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Strong forward buying signals firm near-term demand for Peruvian fishmeal, which supports prices despite a larger expected catch.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2018/04/03/asian-buyers-rush-to-pre-buy-peruvian-fishmeal-ahead-of-anchovy-season-kickoff/

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