The 45th CCAMLR meeting in Hobart ended on 30 October 2026 without adopting any new Antarctic marine protected area or new krill fishery rules. It was the tenth straight year without a new protected area and the third without a krill safeguard.
Krill catches have hit the precautionary limit of 620,000 tonnes in Area 48 in both 2025 and 2026, closing the fishery early in August each time.
With no new krill limits, fishing pressure stays high while fishmeal prices are already near record levels and the industry warns of a possible supply deficit from 2027. Tight fishmeal supply supports prices for aquaculture and shrimp feed buyers.
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.