Peru's ENFEN agency says warming in the tropical Pacific continues and coastal El Niño is expected to stay significant until February 2027, with the first-season anchovy catch next year still expected to be affected. Raw fish prices have risen, pushing Chinese domestic fishmeal quotes higher, especially for products above 67% protein.
Lower anchovy availability keeps fishmeal supply tight, supporting feed costs and prices for buyers. Weak transaction volume suggests demand may struggle to absorb the rapid price increases.
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.