ShockAtlas

ORGANISATION · FO · NAICS 112511 Finfish farming and fish hatcheries (salmon; own fishmeal and feed)

P/F Bakkafrost

www.bakkafrost.com · 1 documented exposure in the atlas.

Peru cancels its second anchovy season: fishmeal against soybean meal, October 2026

Exposed · Supply chain · evidenced · Heat, 2026-10-16

“Fish meal and fish oil prices have begun rising following low catches in both the North Atlantic and Peru, the report states. Arctic favours Mowi and SalMar for their cost leadership. It also flags Bakkafrost as well-positioned, citing the company’s large fish meal inventory in the Faroe Islands” — source, 2026-11-03

A broker note (May 2026) places Bakkafrost on this chain as a salmon farmer whose own fishmeal inventory buffers prices that rose after low catches in Peru and the North Atlantic. It is still a feed buyer; how long the buffer lasts after the cancelled season is not shown.

Series concerned: fishmeal-usd-t fishmeal-soymeal-price-ratio soymeal-usd-t · read the edition →

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