# Fishmeal Hits Record High as Pet Companies Expand Capacity While Borrowing

> Chinese fishmeal spot prices rose a further 500 yuan per tonne on November 3, with Peruvian super steam fishmeal quoted at 26,000-26,500 yuan/tonne, a record level held on November 4. Peru's current-season forward reference price reached CNF $3,450/tonne, and domestic port stocks fell to about 113,800 tonnes. Chinese pet food makers face higher costs while soybean meal prices eased.

- Date: 2026-11-05 · published 2026-11-05T21:12:52.382Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/82461-fishmeal-hits-record-high-as-pet-companies-expand-capacity-while-borrowing
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Peru's season cancellation and El Niño keep fishmeal tight, lifting feed costs for aquaculture and pet food buyers, while soymeal's decline widens the price gap that lets formulators substitute plant protein for animal protein.

## Read by commodity

- SBM: bearish ▼
- FISHMEAL: bullish ▲

## Sources

- petgw.com: https://www.petgw.com/7273.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.