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IFFO reported that fishmeal and fish oil output fell in January 2026 across most monitored countries, with Peru still below prior-year levels into February. Only Denmark/Norway and the US recorded year-on-year gains.
Attention turns to Peru's anchovy quota announcements expected in the first half of April.
Peruvian anchovy is the main raw material for fishmeal, so weak output and a possible quota restriction would tighten global protein supply and support fishmeal prices.
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.