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The North-Centre anchoveta fleet in Peru landed almost all of its 1.63 million-ton quota, according to IFFO. IFFO reports global fishmeal output up about 2% and fish oil up about 7% through November 2025.
Full-year 2025 Peruvian production is expected to be slightly lower than 2024.
The broadly stable global supply picture suggests no major price shift for fishmeal, though Peru's lower output is a modest supportive factor.
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.