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A Pontifical Catholic University of Valparaíso researcher warned that the current extreme El Niño is reducing abundance of cold-water species in the Humboldt Current as they migrate to better habitats. Chilean fishing bodies reported catch drops of around 80% to 100% for some species in Arica, pushing local prices up.
Lower Humboldt Current productivity tightens the supply of small pelagic fish used for fishmeal and fish oil, which supports fishmeal prices for feed buyers.
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