Prices for Peruvian fishmeal in China remain stable after the closure of the anchovy fishing season in the north-central part of the country.

Prices rose by almost 2% the previous week—the first increase in 2026—and preliminary new season prices strengthened by another $50-100 per ton compared to the previous week, last trading at $2150-2200 per ton CFR China. Port inventories have been reduced to approximately 172,850 tons as of February 4, with daily shipments of 2,900-3,000 tons exceeding arrivals by only 1,600-2,200 tons, as feed producers build inventories ahead of the Chinese New Year. Peru's Ministry of Fisheries closed the anchovy fishing season in the north-central part of the country on February 1 after the fleet caught 1.6 million tons of fish—equivalent to approximately 380,000 tons of fishmeal, or 97.9% of the 1.63 million ton quota. This catch was the second lowest in five years for the second consecutive season, only exceeding the 2023 figure (1.27 million tons) and significantly below the 2024 figure (2.42 million tons). "The tonnage gap is real, and the deficit has certainly stimulated the sustained ...