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Undercurrent News reports that the Peruvian anchovy situation is described as critical. The outlook points to a possibly tight fishmeal market in 2018.
The article is dated January 4, 2018.
Peru is the largest source of fishmeal, so a weak anchovy catch would cut supply to feed makers and could lift fishmeal prices and support soybean meal as a substitute.
undercurrentnews.comMatilde MereghettiJan 4, 2018Not enough comparable past events yet for a historical read.
Not 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.
