
Peru's national output rose 2.43% year on year in September 2026, according to INEI, with growth of 3.18% for January-September. Agriculture fell 5.44% in the month, driven by lower olive, dry bean, avocado and onion output linked to El Niño rainfall, while fishing rose 2.84%.
Lower Peruvian agricultural output tied to El Niño rainfall tightens local supply of crops used in feed, while the rise in fishing points to some stable fishmeal-related landings, though anchoveta catches for fishmeal were minimal. The effect on global feed prices is limited.
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