# Ocean Shock: Fishmeal factories plunder Africa

> Reuters feature on Peru's dominance of global fishmeal exports, sourced from its anchovy catch. The piece explains how El Niño has periodically devastated Peru's anchovy harvest since the 1970s and argues climate change has increased the frequency of those effects.

- Date: 2018-11-07 · published 2018-11-07T12:00:00.000Z
- Category: weather · region Peru · magnitude low
- Page: https://feedsoft.ai/events/62138-ocean-shock-fishmeal-factories-plunder-africa
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Peru's anchovy catch is the main swing factor for global fishmeal supply, so any El Niño-driven loss would likely push fishmeal and related protein prices higher. Buyers should watch Peruvian season forecasts and ENSO outlooks.

## Read by commodity

- SBM: neutral
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-07-23 | [4 Factors Affecting Soybean Futures in August](https://feedsoft.ai/events/12105-4-factors-affecting-soybean-futures-in-august.md) | +2.7% | -8.3% |
| SBM | 2024-03-07 | [Fishmeal, fish oil outlook buoyed by improving climatic conditions](https://feedsoft.ai/events/31276-fishmeal-fish-oil-outlook-buoyed-by-improving-climatic-conditions.md) | -0.8% | -1.9% |
| SBM | 2026-02-24 | [Corn and soybean supply at risk: South America 2026 South America weather risk puts global corn and soybean supply on edge \| Kpler - Feb 24, 2026](https://feedsoft.ai/events/13808-corn-and-soybean-supply-at-risk-south-america-2026-south-america-weather-risk.md) | +0.4% | +5.7% |
| SBM | 2022-01-27 | [Soybean Oil/Soybean Meal Yield Linked to Temperatures](https://feedsoft.ai/events/13391-soybean-oil-soybean-meal-yield-linked-to-temperatures.md) | +7.8% | +15.4% |
| SBM | 2017-08-02 | [More fish meal, but growing interest in alternatives - Food & Agribusiness](https://feedsoft.ai/events/69535-more-fish-meal-but-growing-interest-in-alternatives-food-and-agribusiness.md) | -0.2% | -4.4% |

## Sources

- reuters.com: https://www.reuters.com/article/world/us-politics/ocean-shock-fishmeal-factories-plunder-africa-idUSKCN1N420V/

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