Peru revised its exploratory fishing decision for anchovy, removing the original 15-day limit and allowing operations to continue until the quota is filled. The change is expected to add little to global fishmeal supply; Chinese port prices remained firm amid constrained supply and declining inventories, while buyers replenished only for immediate needs.
The limited potential supply increase offers little relief to tight availability, while inventory drawdowns support prices. High prices are keeping feed buyers cautious, so near-term fishmeal prices are expected to consolidate.
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.