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Peru authorized exploratory sardine fishing to assess stock recovery, as strong El Niño conditions have limited the 2026 anchovy catch. Chinese port inventories have declined and sellers are holding offers, keeping Peruvian super-steam fishmeal at 26,200–26,500 yuan per tonne; weak aquaculture demand is limiting new purchases by feed mills.
Restricted anchovy supplies and falling port stocks support fishmeal prices, while weak aquaculture demand and hand-to-mouth buying curb further gains. The balance points to firm prices with continued resistance to upward moves.
ncp.mysteel.comNov 11, 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.
