Peru suspended its anchovy fishing indefinitely in June 2026 due to high water temperatures and a high share of juvenile fish. IFFO says global fishmeal production is down about 40 percent, and it is less optimistic that the ban will be lifted for the second half of the year.
A prolonged ban keeps global fishmeal and fish oil supply well below normal, supporting high prices and possibly increasing demand for substitute proteins such as soybean meal.
Not enough comparable past events yet for a historical read.
After 172 past bullish policy events, SBM 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.