Peru suspended and then closed its 2026 anchoveta fishing season amid a strong El Niño and concerns about depleted fish stocks. Peru supplies a large share of global fishmeal and fish oil, with more than 90% of its catch processed into these products.
The closure is described as having wide effects on global aquaculture and livestock feed supply chains.
Losing Peruvian anchoveta output removes a major source of fishmeal and fish oil, which tends to lift fishmeal prices and increases demand for substitute protein meals such as soybean meal.
Not enough comparable past events yet for a historical read.
After 453 past bullish weather events, SBM moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.