Peruvian authorities set the quota for the second fishing season in the North-Center of Peru, which opened November 7, 2025, at 1,630,000 metric tonnes. That is well above the provisional quota set on November 1 and in line with the quarter-4 2023 level.
IFFO projects 2025 global fishmeal output at 5.6 million tonnes and fish oil at 1.2-1.3 million tonnes.
A larger Peruvian anchovy catch adds fishmeal supply from a fishery that produces about 20% of global fishmeal, which is bearish for fishmeal prices and eases feed-protein costs for aquafeed 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.