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EFS Holland reports that the 2025 South American fish catch was reasonably good, but 2026 quotas are not yet set. A larger share of Chilean and Peruvian fish oil went to Northern Europe, lifting premium fishmeal demand and prices, which EFS expects to stay high.
Salmon oil is cheap now but expected to rise in the first half of 2026.
Redirected fish oil flows and expected high premium fishmeal prices support feed costs, so buyers may want to stock up ahead of tighter 2026 supply.
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.