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Peru's ENFEN agency expects coastal El Niño conditions to persist until February 2027, affecting the first anchovy season next year. Short exploratory anchovy fishing since 24 October has yielded almost no catch due to rough seas, and Chinese port fishmeal spot prices remain firm.
Little anchovy supply and persistent El Niño conditions keep fishmeal prices supported, though high prices are weighing on downstream buying in China and Southeast Asian arrivals will shape the next move.
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.