# Canceled Peru anchovy season costs industry $1 billion; fishmeal plants shut down for first time in 30 years

> Peru's anchovy fleet has been tied up in port since early February due to El Niño's impact on the fish resource. The canceled season costs the industry about $1 billion, and fishmeal plants have shut down for the first time in 30 years.

- Date: 2023-08-21 · published 2023-08-21T12:00:00.000Z
- Category: disease · region Peru · magnitude high
- Page: https://feedsoft.ai/events/34466-canceled-peru-anchovy-season-costs-industry-1-billion-fishmeal-plants-shut-down
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Peru is the largest source of fishmeal, so the shutdown removes a major share of global marine protein supply. Tighter fishmeal supply should lift prices for fishmeal and push feed buyers toward soybean meal and other substitutes.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-05-16 | [Peru minister warns first anchovy season could be cancelled, potentially taking millions of tons off fishmeal market](https://feedsoft.ai/events/35839-peru-minister-warns-first-anchovy-season-could-be-cancelled-potentially-taking.md) | -3.9% | -7.5% |
| SBM | 2026-10-12 | [Peru cancels second anchovy season with super prime fishmeal prices in China back at record high - Undercurrent News](https://feedsoft.ai/events/514-peru-cancels-second-anchovy-season-with-super-prime-fishmeal-prices-in-china.md) | -2.5% | — |
| SBM | 2023-07-24 | [Are hopes for the resumption of Peru's anchovy season fizzling out?](https://feedsoft.ai/events/34937-are-hopes-for-the-resumption-of-peru-s-anchovy-season-fizzling-out.md) | +2.4% | -6.8% |
| SBM | 2023-08-01 | [Peru’s reduced fishmeal production drives down global output](https://feedsoft.ai/events/35118-peru-s-reduced-fishmeal-production-drives-down-global-output.md) | -0.9% | -5.1% |
| SBM | 2026-08-19 | [Seafood Media Group - Worldnews - China Faces a New Surge in Fishmeal Prices as Peru Keeps Anchovy Fisheries Restricted](https://feedsoft.ai/events/17981-seafood-media-group-worldnews-china-faces-a-new-surge-in-fishmeal-prices-as.md) | +1.6% | +9.6% |

## Sources

- intrafish.com: https://www.intrafish.com/fisheries/canceled-peru-anchovy-season-costs-industry-1-billion-fishmeal-plants-shut-down-for-first-time-in-30-years/2-1-1504344

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.