Peru has closed its anchoveta fishery, a tenth of the global catch, accepting thousands of job losses to protect the fish.
On 10 June 2026, Peru's government ordered every anchoveta boat to stay in port. It was meant to be a temporary suspension of the fishing season, but by mid-August it had become a total closure. Officials knew exactly what they were doing: they were switching off the engine of one of the world's largest fishing industries. The scale explains why the decision was so painful.
Since 1970, Peruvian anchoveta have made up roughly a tenth of all fish caught commercially on Earth by weight, more than any other species. In good years the catch is worth close to $3bn and directly employs almost 50,000 people, or close to a quarter of a million when indirect jobs are counted. Peru's central bank now forecasts a 30.7% contraction in the fishing sector, about 78,000 lost jobs in 2026 and another 44,000 in 2027.
The consequences will not stay on the Pacific coast. Although it shares a name with the salty fillets in a caesar dressing, this fish belongs to a different species, Engraulis ringens, and more than 90% of it is turned into fishmeal and fish oil. Those products are shipped to fish, shellfish and seaweed farms, to factory farms and to supplement makers worldwide. Peru is by far the leading fishmeal exporter, so prices are already climbing, and the effects are expected to reach food supplies and supermarket prices in many countries.
The then production minister, César Quispe Luján, argued that restraint was the only responsible course.