Peru's Production Ministry authorized a second round of exploratory research fishing for jumbo squid from November 1 to 30, 2026, with the official stating it is not a reopening of commercial fishing. The 2026 quota is 98.48% filled, and inventories in Peru are reported to be sharply reduced.
Chinese spot prices have held steady for five weeks.
El Niño has slowed landings and cut output, and research catches add little commercial supply. Low available inventory is likely to keep squid prices firm, though squid is not a core feed commodity.
Not enough comparable past events yet for a historical read.
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.