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Peru has not yet set the quota for its second 2026 anchovy season, pending IMARPE assessment and a PRODUCE decree. Major producers have not opened aggressive pre-sales, and IFFO projects 2026 global fishmeal supply below 4.6 million tonnes, one of the tightest balances in a decade.
FOB Peru is held at $3,420 per tonne.
A small Peruvian quota or delayed season would keep global fishmeal tight and prices firm, supporting substitution demand for soymeal.
seafood.mediaOct 19, 2026Not enough comparable past events yet for a historical read.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
