The cancellation of the first anchovy season in Peru's north-central waters is causing an “acute shortage” of fish oil and fishmeal, resulting in record high prices for both commodities through the remainder of 2023, Gorjan Nikolik, senior global seafood specialist at Rabobank, told IntraFish.

In early June, the Peruvian government was forced to cancel the first anchovy fishing season of the year due to El Niño conditions and a high presence of juvenile fish.

In 2022, the first anchovy season had a 2.8