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Pesquera Diamante, a major Peruvian fishmeal producer, expects output to rise from about 77,000 tonnes to about 150,000 tonnes in 2017. The company says sea conditions have improved after El Niño and that fishing regulation changes support the recovery.
Recovery from El Niño and a near doubling at one large producer point to higher Peruvian fishmeal supply, which is bearish for fishmeal prices. The effect is company-specific, so its market impact is modest.
aquafeed.comAquafeed Media SLUJan 19, 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.
