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IMARPE released a 2 million ton quota for Peru's second anchovy season, the first second-season quota at this level since 2013. Industry figures say the fishery is recovering from El Niño-related poor catches, and the Peruvian fishery supplies about 70% of the world's omega-3 servings.
A larger anchovy quota eases fishmeal and fish oil supply tightness after several weak seasons. That should soften fishmeal price support and supply costs for feed makers.
nutraingredients.comHank SchultzNov 14, 2016Not 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.
