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Peru's Marine Institute (IMARPE) published first results from its CRIO oceanographic cruise, run 19–24 October 2026 aboard the BIC Humboldt between Callao and Punta San Juan. Surface waters off Callao, Pisco and San Juan de Marcona were more than 7°C above normal, with warm, nutrient-poor water offshore and some nutrient-rich pockets near the coast.
Warm, nutrient-poor conditions in Peru's main anchovy grounds can cut catches and raise the cost of fishmeal, a key protein ingredient for feed. Any sustained shortfall would support fishmeal prices.
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.
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