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An explainer describes how Peru's anchoveta catch drives world fishmeal supply, since Peru's output swings while output elsewhere stays near 4.5 million tonnes. It cites historical El Niño-linked collapses and the World Bank fishmeal price benchmark.
The explainer confirms that a poor Peruvian season can lift fishmeal prices sharply, which matters for protein buyers planning forward purchases. It is background rather than news.
commodityorigins.comSep 19, 2026Not 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.
