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The UAE has seen fish stocks return to 1960s levels after a state-mandated ban on steel-wire gargoor traps, with fishers compensated for surrendering them. The commercial fleet has shifted to selective gear such as rods and lines, and the annual national catch value has risen to $500 million.
The article also reports that a warm-water body linked to the 2026/27 El Niño has forced a total closure of Peru's anchovy fishery.
The gear ban changes the species mix toward larger, higher-value fish without raising total catch volume. The Peruvian anchovy closure tightens global fishmeal supply, which supports fishmeal prices for feed buyers.
english.pravda.ruOksana AnikinaNov 4, 2026Not 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.
