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Peru's Enfen commission said the coastal El Niño will stay at an extraordinary magnitude through February 2027, weakening gradually from March. It projects above-normal rains, higher coastal temperatures and elevated sea levels this summer, and says anchoveta will move to deeper waters.
Drought in the south and parts of the Amazon is expected to worsen from December.
Anchoveta moving to deeper waters and strained small-scale fisheries reduce fishmeal and fish oil supply, which keeps fishmeal prices firm and supports demand for substitute protein meals.
particle.newsNov 5, 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.
