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Peru's government has approved a restart of the second anchovy fishing season. The report is dated January 6, 2018.
The decision lets vessels resume catching anchovy for fishmeal.
Restarting the season adds fishmeal supply to the market, which would ease upward pressure on fishmeal prices and reduce the substitution demand for soybean meal.
undercurrentnews.comJan 6, 2018Not enough comparable past events yet for a historical read.
After 223 past bearish policy events, SBM 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.
