# 'Critical' Peruvian anchovy situation might lead to tight fishmeal market in 2018 - Undercurrent News

> 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.

- Date: 2018-01-04 · published 2018-01-04T12:00:00.000Z
- Category: market · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/66914-critical-peruvian-anchovy-situation-might-lead-to-tight-fishmeal-market-in-2018
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Sources

- undercurrentnews.com: https://www.undercurrentnews.com/2018/01/04/critical-peruvian-anchovy-situation-might-lead-to-tight-fishmeal-market-in-2018/

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