# ANALYSIS: El Niño Weakens Humboldt Current, Squeezing Anchovy Supply and Lifting Fishmeal Prices

> El Niño is weakening the Humboldt Current, reducing upwelling of nutrient-rich cold water off Peru and Chile. The analysis links this to a squeeze on anchovy supply and higher fishmeal prices.

- Date: 2026-10-26 · published 2026-10-29T06:13:15.181Z
- Category: weather · region Peru · magnitude high
- Page: https://feedsoft.ai/events/512-analysis-el-nino-weakens-humboldt-current-squeezing-anchovy-supply-and-lifting
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Lower anchovy catch cuts global fishmeal supply, pushing up fishmeal prices and raising feed costs for aquaculture and livestock producers who substitute with soybean meal.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-08-01 | [Alert: El Niño slams Peruvian anchovy catch, fishmeal supply…](https://feedsoft.ai/events/4744-alert-el-nino-slams-peruvian-anchovy-catch-fishmeal-supply.md) | -0.8% | +3.6% |
| SBM | 2026-07-01 | [Peru extends anchovy fishing suspension again, threatening global fishmeal supply](https://feedsoft.ai/events/18701-peru-extends-anchovy-fishing-suspension-again-threatening-global-fishmeal-supply.md) | +2.2% | +6.7% |
| SBM | 2023-05-25 | [Peru: El Niño delays anchovy fishing season](https://feedsoft.ai/events/35843-peru-el-nino-delays-anchovy-fishing-season.md) | -2.3% | +6.9% |
| SBM | 2023-08-03 | [‘The last crumb of fishmeal’: Fish oil and fishmeal prices face record new highs amid ‘acute’ supply shortage](https://feedsoft.ai/events/34684-the-last-crumb-of-fishmeal-fish-oil-and-fishmeal-prices-face-record-new-highs.md) | -4.5% | -5.6% |
| SBM | 2023-11-30 | [El Niño ahead: Potential disruption to fishmeal supply in 2024](https://feedsoft.ai/events/33069-el-nino-ahead-potential-disruption-to-fishmeal-supply-in-2024.md) | -4.6% | -10.2% |

## Sources

- marinefoods.food: https://marinefoods.food/Story/1358207/ANALYSIS-El-Nio-Weakens-Humboldt-Current-Squeezing-Anchovy-Supply-and-Lifting-Fishmeal-Prices
- seafoodnews.com: https://www.seafoodnews.com/Story/1358207/ANALYSIS-El-Nio-Weakens-Humboldt-Current-Squeezing-Anchovy-Supply-and-Lifting-Fishmeal-Prices

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