# Peru’s successful fishing season offsets reduced fishmeal production in the rest of the world

> IFFO data show cumulative global fishmeal production rose nearly 16% year on year through November 2024, driven by Peru's larger supply. Fish oil output rose about 3%, and China's 2024 fishmeal usage rebounded.

- Date: 2025-02-01 · published 2025-02-01T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/26434-peru-s-successful-fishing-season-offsets-reduced-fishmeal-production-in-the
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Higher fishmeal supply from Peru offsets lower output elsewhere, which is bearish for fishmeal prices, though China's stronger demand provides some support.

## Read by commodity

- FISHMEAL: bearish ▼

## Sources

- aquafeed.com: https://www.aquafeed.com/commodities/commodity-news/perus-successful-fishing-season-offsets-reduced-fishmeal-production-in-the-rest-of-the-world/

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