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IFFO data show global fishmeal output fell 38% year on year in March 2026, and first-quarter production was down 28% versus 2025. Fish oil output declined less, down 12% over the first quarter.
Peru's anchovy quota and China's muted seasonal demand are cited as key factors.
Sharply lower fishmeal supply from Peru, which produces about 20% of global output in a typical year, tightens the protein market. Buyers should expect firmer fishmeal prices and more substitution toward soymeal.
aquafeed.comAquafeed Media SLUMay 7, 2026
intrafish.comJohn EvansMay 7, 2026After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
