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Peru's first anchovy season of 2025 closed at the end of July with catches at only 81.5% of the predicted 3 million tonne quota. Cold, rainy weather and warm Kelvin waves disrupted fleet operations and shifted fish schools.
Lower-than-quota anchovy landings tighten fishmeal and fish oil supply, supporting prices for these protein ingredients used in aquafeed and livestock rations.
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.