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The Peruvian government, with World Bank help, overhauled management of the industrial anchoveta fishery by moving to rights-based quotas set by a scientific body. A quarter of the fleet was decommissioned and displaced workers received compensation and training.
Lower catch volumes from a more controlled, recovering stock tighten the supply of fishmeal and fish oil used in livestock and aquaculture feed, supporting prices over time.
worldbank.orgMar 6, 2017Not 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.
