
The World Bank’s fishmeal price rose from $2,103 per tonne in July 2026 to $2,840 in October, up 35%; EU import prices were also 28.7% higher year over year in the first eight months. Peru, the EU’s largest non-EU supplier, announced it would not authorize a second anchovy fishing season in 2026, citing El Niño and low stock biomass.
Reduced anchovy catches in Peru could restrict fishmeal supply, while higher import costs raise feed buyers’ input expenses. The supply constraint is supportive of fishmeal prices.
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