Haid Group said Peru, the world’s largest fishmeal supplier, had a sharply lower 2026 fishing quota amid El Niño and a high share of juvenile fish, leaving supply extremely tight and fishmeal prices much higher. It said the pace of Peru’s fishing activity will influence the subsequent price trend.
A substantial reduction in Peru’s catch quota constrains fishmeal supply and supports prices, raising costs for aquafeed users that rely on it as a protein source. Peru’s fishing progress will be an important supply signal.
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.