# Morning Brief: Peru Begins Exploratory Sardine Fishing; Domestic Fishmeal Prices Remain Steady (20261111)

> 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.

- Date: 2026-11-11 · published 2026-11-11T03:06:33.759Z
- Category: weather · region Peru · magnitude medium
- Page: https://feedsoft.ai/events/92774-morning-brief-peru-begins-exploratory-sardine-fishing-domestic-fishmeal-prices
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26111108/72AA995C368CA10C.html

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