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Peru Fish Meal Reaches Decade High as Stocks of Anchovy Drop

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Fish meal prices in Peru, the world’s biggest producer, have jumped to the highest in more than a decade amid low anchovy stocks off the country’s coast, lifting feed costs for salmon and shrimp farmers.

Spot prices for prime fish meal were $2,370 a metric ton last week, climbing 66 percent from $1,430 a ton at the start of the year, according to data from Peru Broker SA. Falling output of fish oil and meal in Peru may create an “explosive” price situation, industry analyst Oil World said last month.