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Peru's Ministry of Production cancelled the second 2026 anchovy season in the north-central zone after a scientific survey found 79% of anchovies were juveniles. The first season had been suspended in June and closed in August after landing only about a quarter of its quota.
Peruvian anchovy is the main raw material for global fishmeal and fish oil, so a season with no catch removes a large share of supply until 2027. That tightens fishmeal supply and supports prices, and buyers may shift toward soybean meal as a substitute.
fisheriesindia.comDr. Mohd Ashraf RatherNov 1, 2026Not enough comparable past events yet for a historical read.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
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.
