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Peruvian fishmeal producers say output will fall this year even without El Niño weather conditions. The shortfall reflects the effects of the reduced quota and early season closures.
Producers expect supply to remain tight.
Lower Peruvian output keeps global fishmeal supply constrained, supporting prices for feed buyers relying on fishmeal inclusion.
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.