
The World Bank's monthly series put fishmeal at $2,840 per tonne in October 2026, 35% above July, after peaking at $2,916 in September. Eurostat data show the EU paid an average of 1,848 euros per tonne for non-EU fishmeal in the first eight months of 2026, 28.7% more than a year earlier.
Peru's Production Ministry then announced it would not authorize a second anchoveta fishing season in 2026, a decision linked to El Niño and very low anchoveta biomass.
Peru is the main supplier of fishmeal imported by the EU, so a cancelled second anchoveta season tightens global protein supply for feed mills and keeps fishmeal prices elevated. Buyers should expect firm pricing and possible substitution toward soybean meal.
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.