AOL.com
Perfect storm: how the super El Niño is devastating the fishing industry - AOL
xCruzo Brief
In June 2026, Peru halted anchoveta fishing to protect stocks amid a looming El Niño, first stopping all boats temporarily and then fully closing the fishery in mid-August. The decision is economically heavy: Peruvian anchoveta dominates global catches and underpins a supply chain that turns more than 90% of landings into fishmeal and fish oil for aquaculture, livestock and other industries worldwide. Peru’s central bank forecasts a 30.7% contraction in the fishing sector and about 78,000 job losses in 2026, with another 44,000 in 2027. Officials cited scientific criteria and conservation risk, warning of wider global price impacts.
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