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A marine ingredients report says fishmeal and fish oil supply remains constrained in the second half of 2026 by El Niño-related oceanographic problems off Peru and Chile. Peru's reduced 1.91 million tonne quota, juvenile-fish closures and depleted Asian stocks are cited as keeping prices near record levels.
Persistent supply shortfalls and low inventories in Asia point to continued upward pressure on fishmeal prices, raising feed costs for aquaculture and livestock 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.