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Peru's fisheries ministry is publicly optimistic about the anchovy quota. The statement points to expectations of solid fishing and production going forward.
Optimism on the anchovy quota signals expected fishmeal and fish oil supply from Peru, a key driver of world fishmeal pricing, so it leans bearish for fishmeal prices.
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.