
Peru will supply no fishmeal from its central-northern fishery for the rest of 2026 after cancelling a second anchovy season. Fishmeal prices are holding near record highs.
Peru is the largest fishmeal exporter, so the loss of its remaining season tightens global protein meal supply and keeps fishmeal prices elevated, raising feed costs for aquafeed and livestock buyers who rely on it as a protein source.
Not enough comparable past events yet for a historical read.
After 67 past bullish disease events, SBM moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), and +0.4% 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.