# IFFO estimates significant growth in 2024 fishmeal and Fish Oil Production - International Aquafeed

> IFFO projects a 26% increase in global fishmeal production for 2024 and a 12% rise in fish oil, driven by Peru's anchoveta recovery after El Niño hit 2023. Peru's second season delivered 2.42 million metric tonnes, 96% of quota.

- Date: 2025-02-04 · published 2025-02-04T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/25954-iffo-estimates-significant-growth-in-2024-fishmeal-and-fish-oil-production
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Higher fishmeal supply from Peru's recovery is expected to weigh on fishmeal prices, though the increase in fish oil is smaller.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- aquafeed.co.uk: https://www.aquafeed.co.uk/iffo-estimates-significant-growth-in-2024-fishmeal-and-fish-oil-production/

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