# Rabobank expects 'major' fishmeal market impact from anchovy season closure

> Rabobank expects a major impact on the fishmeal market from the cancellation of Peru's anchovy season. Analysts are comparing the situation with the 2023 crisis, when collapsing supplies pushed fishmeal and fish oil prices sharply higher and strained aquafeed producers.

- Date: 2026-08-25 · published 2026-08-25T12:00:00.000Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/17837-rabobank-expects-major-fishmeal-market-impact-from-anchovy-season-closure
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A 2023-style supply shock would raise fishmeal and fish oil prices and increase feed formulation costs. Buyers may shift to soybean meal and other protein sources, supporting those markets.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-05-25 | [Peru: El Niño delays anchovy fishing season](https://feedsoft.ai/events/35843-peru-el-nino-delays-anchovy-fishing-season.md) | -2.3% | +6.9% |
| SBM | 2024-01-12 | [Peru ends second anchovy season \| The Fish Site](https://feedsoft.ai/events/32058-peru-ends-second-anchovy-season-the-fish-site.md) | -0.1% | -3.3% |
| SBM | 2023-07-10 | [El Niño's dark cloud hangs over second Peru anchovy season](https://feedsoft.ai/events/34936-el-nino-s-dark-cloud-hangs-over-second-peru-anchovy-season.md) | +3.9% | +8.0% |
| SBM | 2024-01-15 | [Peru closes anchovy season with unfulfilled quota](https://feedsoft.ai/events/32054-peru-closes-anchovy-season-with-unfulfilled-quota.md) | +1.1% | -1.2% |
| SBM | 2023-06-01 | [Peru anchovy firms concerned over El Niño-driven delays to main fishing season](https://feedsoft.ai/events/35841-peru-anchovy-firms-concerned-over-el-nino-driven-delays-to-main-fishing-season.md) | +2.6% | +1.5% |

## Sources

- intrafish.com: https://www.intrafish.com/markets/rabobank-expects-major-fishmeal-market-impact-from-anchovy-season-closure/2-1-2032713

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.