
El Niño has led Peruvian authorities to suspend anchovy fishing, pushing up fishmeal and fish oil prices. The article warns that the warming also threatens Chilean salmon farming through reduced freshwater layers in fjords and increased harmful algal blooms, citing the 2016 die-off that killed over 100,000 tonnes of salmon.
The main price effect is on marine feed inputs, as El Niño-driven fishery closures keep fishmeal and fish oil costly, while salmon disease risk could reduce farmed fish demand for feed.
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.