# Fishmeal shortages are expected to begin in 2028, a new report suggests - WeAreAquaculture

> Rabobank's new report projects fishmeal shortages starting in 2028 and fish oil scarcity intensifying through the decade. Demand inelasticity is expected to drive greater price volatility and higher benchmarks during future supply shocks.

- Date: 2025-09-24 · published 2025-09-24T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/22940-fishmeal-shortages-are-expected-to-begin-in-2028-a-new-report-suggests
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected structural tightness in marine ingredients supports fishmeal and fish oil price levels over the longer term and encourages feed buyers to hedge or substitute.

## Read by commodity

- SBM: bullish ▲
- FISHMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-03-23 | [China expected to import more soybeans in 2026-27 \| World Grain](https://feedsoft.ai/events/20146-china-expected-to-import-more-soybeans-in-2026-27-world-grain.md) | -2.2% | -0.4% |
| SBM | 2023-11-01 | [U.S. Soybean Meal Exports Expected to Reach Record High](https://feedsoft.ai/events/33689-u-s-soybean-meal-exports-expected-to-reach-record-high.md) | +3.7% | +3.9% |
| SBM | 2023-01-06 | [Renewable diesel supply expected to rise in 2023 - McKeany-Flavell](https://feedsoft.ai/events/15342-renewable-diesel-supply-expected-to-rise-in-2023-mckeany-flavell.md) | +4.0% | +0.3% |
| SBM | 2018-06-20 | [Stretching out supplies of fish food to aquaculture species](https://feedsoft.ai/events/64610-stretching-out-supplies-of-fish-food-to-aquaculture-species.md) | -0.2% | -1.9% |
| SBM | 2025-01-14 | [US soybean meal exports set to reach record highs in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26589-us-soybean-meal-exports-set-to-reach-record-highs-in-2024-25-feed-and-grain.md) | -0.9% | -0.4% |

## Sources

- weareaquaculture.com: https://weareaquaculture.com/markets/fishmeal-shortages-are-expected-to-begin-in-2028-a-new-report-suggests

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.