
Peru's ENFEN scientific committee says the coastal El Niño, which began in March 2026, will remain at extraordinary magnitude until February 2027 and weaken until July 2027. It forecasts above-normal rainfall along Peru's north coast and central coast for November to January, with below-normal rain in the southern highlands and Amazon.
A prolonged El Niño disrupts anchovy stocks and Peruvian fishmeal output for longer, which tightens global fishmeal supply and supports prices. Rain and flood risks also affect Peruvian agriculture.
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.